Supplier diversity is the intentional inclusion of socially and/or economically disadvantaged groups in procurement opportunities. Diversity suppliers are for-profit businesses that are headquartered in the U.S. and are at least 51% owned, operated, and controlled by:
- African American, Hispanic American, Asian American, Native American persons
- U.S. Veterans and Service-Disabled Veterans
- Gay, Lesbian, Bisexual, Transgender persons
- Historically Underutilized Business Zone (HUBZone) and Small Disadvantaged Business (must be certified by U.S. Small Business Administration)
The definition of global supplier diversity is similar to the U.S. definition. However, only the following two categories are recognized as a diverse supplier in international communities. Diverse suppliers are for-profit businesses that are at least 51% owned, operated, and controlled by:
- A historically-excluded ethnic minority for country of origin
Certification is a process of verifying that a business is owned, operated, and controlled by one of the qualifying diverse groups.
Who are the qualifying diverse groups?
DVBE (Disabled, Veteran-owned Business Enterprise)
GLBTBE (Gay, Lesbian, Bisexual or Transgendered)