10/13/2023

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IN THIS ISSUE

Business Tip of the Month

FY 22 SDP Boosting State's Economy?

RNC

NFL Draft 2025

Newly Certified Businesses

UPCOMING EVENTS

• Milwaukee Business Networking Group Meeting for October 2023

December 5-7: Marketplace

July 2024: RNC?

NFL Draft 2025

Business Tip of the Month Contact one new prospect/customer per day. That?s 5 per week, which equals = 250 new contacts per year!? Stay tuned for next month?s Tip!

Celebrating Success: Wisconsin Supplier Diversity Program Boosting the State's Economy in FY22

In 1983, the Wisconsin Supplier Diversity Program was born with a vision to promote inclusivity and equity in state procurement. Wisconsin Act 390 set an ambitious target: 5% of goods and services from certified minority-owned business enterprises (MBEs). This historic step also introduced a 5% bid preference for certified MBE firms in state contracts.

Fast forward to FY22, and we're proud to announce that the program is not just meeting but exceeding its goals. A remarkable 23 state agencies have achieved or surpassed the 5% spending target with certified diverse suppliers. Let's dive into the fiscal year 2022 highlights that showcase the significant impact of the Wisconsin Supplier Diversity Program:

Diverse Suppliers: The Powerhouses of Wisconsin's Economy

In FY22, diverse suppliers played a pivotal role in Wisconsin's economic landscape, contributing a staggering $206,134,063 to a total spending of $3,485,034,478 across State Agencies and University of Wisconsin System in general procurement, facilities construction, architecture/engineering, and state highway services. This represented an impressive 5.91% of the total spending.

State Agencies Lead the Way

Key FY22 Highlights:

• State Agencies spent $142,439,216 with certified MBEs/DVBs, accounting for 8.17% of their total spend.
• University of Wisconsin System Campuses contributed $14,167,128, or 1.87% of their total spend, towards diverse procurement.
• The Division of Facilities Development (DFD) allocated $14,569,471 to certified MBEs and DVBs, representing 3.57% of all expenditures.
• In architectural/engineering services, DFD achieved 7.17% diversity spending.
• The Wisconsin Department of Transportation (DOT) devoted 5.89% of their FY22 budget to certified MBEs.

Conclusion: A Bright Future Ahead

As we celebrate these remarkable achievements, it's evident that the Wisconsin Supplier Diversity Program is not just a policy but a catalyst for economic growth, diversity, and inclusivity. These figures from FY22 tell a compelling story of progress, proving that when we prioritize diversity, our economy flourishes. With continued dedication to this program, we look forward to even greater success in the years to come, further strengthening Wisconsin's economy and fostering a more inclusive future for all.

For more detailed information, please visit our website at https://supplierdiversity.wi.gov/Pages/AnnualReports/FY22.aspx

Have you signed up to be a vendor at the RNC? If not, it?s not too late! The MKE 2024 Host Committee is a nonprofit, nonpartisan organization whose mission is, but no limited to serve as a liaison between the Republican National Committee, the City of Milwaukee, the State of Wisconsin and its businesses to harness opportunities for long-term benefit. The Host Committee is looking for the following service types, however if you do not see your business type listed, select other: Audio/visual Catering Cleaning Construction Electrician Event planners Floral Lodging Parking Printing Promotional items Restaurants & bars Spa & salon services Tours Technology (IT) Transportation Venues Other (Maybe your business) Visit the MKE Host Committee and Click on the Vendors page to register here> mke2024host.org/vendors.

Did you know Green Bay will host the 2025 NFL Draft?

Stay tuned for information regarding how your business can be a part of this momentous event.

Newly Certified Businesses

We are excited to welcome the following newly certified business to the Supplier Diversity Program!