Top 50 Businesses in Diversity

Tyra-Oldham-Inclusion

Abstract acrylic by Tyra Oldham in sustainable series called Inclusion.

February 26, 2014

By Dr. Tyra OldhamLANDsds Sustainable Voice News

DiversityBusiness.com  announced the “Top 50 Organizations for Multicultural Business Opportunities. Over 1,500,000 diversity business owners participated in an online election to determine the “Top” fifty organizations and AT&T, Inc. was named the #1 company for providing business opportunities to diverse business owners throughout the United States.

The honor extends itself to another forty-nine major U.S. corporations which call themselves The Div50. This esteemed, elite list is coveted by the most successful companies in the United States and has become the most recognized and respected in the country. These companies truly differentiate themselves in the market place in a time when diversity is on the rise.

“The diversity practices of the Div50 has changed the course of economic inclusion and thereby the world as we know it”, said Kenton Clarke, CEO of DiversityBusiness.com. “The great diversity and vision of our country and our people have made this possible. DiversityBusiness.com is proud to have been a force in the business world for such positive change and opportunity. The initiative that we have led has been instrumental in equalizing the playing field and for that we are very honored indeed.”

The 14th annual list was produced by DiversityBusiness.com, the nation’s leading multicultural B2B online website for privately owned companies.. Over 1,300,000 businesses were asked to answer 10 questions about diversity business in the marketplace. Their answers were based on factors such as volume, consistency and quality business opportunities granted to women and minority-owned companies. Other large companies at the top of the list include Wal-Mart Stores, Inc., IBM, Northrop Grumman, Apple, Office Depot/OfficeMax, Lockheed Martin, Verizon, Cisco, Time Warner and Raytheon.

Top Honors for Top Corporations

While other awards and “Top” lists crown companies for metrics such as overall economic growth and returns to shareholders, The Div50 is an indicator of which organizations provide the best and the most business for diversity-owned companies. “In a marketplace that is increasingly as sensitive to diversity as it is to revenues, awarding the top buyers of multicultural products and services is becoming a natural part of the new socioeconomic food chain. Organizations that consistently buy the most products and services from diversity businesses, and that sustain the most mutually beneficial business relationships with their multicultural suppliers, should be recognized not only by the business community but also by the general public. That is what we have accomplished in creating The Div50.” said Kenton Clarke.

The Business Power of Diversity

As multicultural and female owned businesses gain more buying power and their lifestyles become more affluent, multicultural markets are growing in economic muscle. This in turn attracts more corporations, as they compete for market share. The Div50 list has therefore become the consumer guide for women and minority consumers. “As a diversity business owner, I appreciate the business we receive from corporate buyers; and in turn, when I buy products and services, either personally or for my company, I am much more likely to buy from the same companies that support my business or are supporting businesses like mine,” said Helen Levinson, principle of Desert Rose Design headquartered in Elmhurst, Illinois.

The Div50

The Div50 is a listing of the top 50 corporate and organizational buyers of diversity products and services throughout the U.S. It represents the voice of over 1,300,000 diversity-owned (women, African Americans, Hispanics, Asians, Native American, and other multicultural groups) businesses in the U.S., in sectors such as technology, manufacturing, food service and professional services. It has become the Gold Standard to its members and their associates and reaches millions of consumers every year. In fourteen years, it has become a highly valued metric of corporate excellence in the diversity space.

Rank

Top 50 Corporations

Rank

Top 50 Corporations

1 AT & T Inc. 26 Walgreens
2 Wal-Mart Stores, Inc. 27 Comcast Corporation
3 Northrop Grumman Corporation 28 Wells Fargo
4 IBM 29 Chrysler
5 Verizon 30 Johnson & Johnson
6 Cisco Systems, Inc. 31 General Motors
7 Office Depot Inc./OfficeMax 32 The Home Depot, Inc.
8 Raytheon Company 33 United Technologies
9 Apple Inc. 34 Nordstrom
10 Time Warner Inc. 35 Microsoft
11 Lockheed Martin 36 Avis Budget Group
11 Kroger 37 Pfizer
12 Boeing Company 38 Metlife
13 Toyota 39 Hospira
14 The Coca-Cola Company 40 Hilton Worldwide
15 United Parcel Service 40 MillerCoors
16 Altria 41 Turner Construction Company
17 PepsiCo Inc. 42 Ahold USA
18 Target Corporation 43 Bank of America
19 Hewlett-Packard 44 Capital One Financial Corporation
20 Blue Cross and Blue Shield Association 45 New York Life
21 Ford 46 Goldman Sachs
22 Colgate-Palmolive Company 47 Aflac
23 SuperValu Inc. 48 General Electric
24 Dell 49 ConAgra Foods Inc.
25 Pacific Gas & Electric 50 Nestlé

A complete list of winners is also available at: http://www.diversitybusiness.com/Resources/DivLists/2014/DivTop50/2014Div50C.htm.

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