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"America's Top Organizations for Multicultural Business Opportunities";Online Voting takes place from November 19th through December 8, 2007
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SOUTHPORT, CT - Wednesday, October 3, 2007 -/ DiversityBusiness.com will be holding its 8th annual online election for the “Top 50 Organizations for Multicultural Business Opportunities” from November 19, 2007 - December 8, 2007. The voting business owners base their decisions on such factors as the volume, consistency and quality of business opportunities granted to women and minority-owned companies. The voting is open to all small businesses in the United States.
Last year over 500,000 businesses had the opportunity to vote in the online election.
To participate, businesses must register and cast their vote at: www.DiversityBusiness.com/vote.
The election results will be officially announced on Tuesday, December 11, 2007 at 12:00 EST on DiversityBusiness.com. The “Top 50 List” is recognized as America’s leading award for Fortune 500 corporations for diversity achievements.
Top Honors for Top Corporations
While other awards and “top” lists crown companies for overall economic growth, returns to shareholders and similar metrics, 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, recognizing the top buyers of multicultural products and services is becoming a natural part of the new socioeconomic food chain. “Those organizations that buy the most products and services, most consistently, from diversity businesses, and that sustain the most mutually beneficial business relationships with their multicultural suppliers, should be recognized not only by the suppliers but also by the general public,” said Kenton Clarke, CEO of DiversityBusiness.com.
The Business Power of Diversity
As minorities 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 in minority communities. The Div50 list has become, by virtue of association, a consumer guide of sorts 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 as a company or as a private individual, I am much more likely to buy from the same companies that are supporting my business, or that I know are supporting businesses like mine,” said Sush Tripati, owner of IT-Source headquartered in Southbury, CT.
The list is circulated by over 1,000 organizations that distribute it to their members and associates; it thus reaches millions of consumers every year. In eight years, it has become a highly valued metric of corporate excellence in the diversity space.
The Div50
The Div50 is a listing of the top 50 corporate and organizational buyers of diversity products and services throughout the country. It represents the voices of over 500,000 diversity-owned (Women, African American, Hispanics, Asians, Native Indians, Disabled, Veterans and other minority groups) businesses and Small Businesses in the U.S., in sectors such as technology, manufacturing, food service and professional services. The Div50 is produced annually by DiversityBusiness.com, the nation's leading multicultural B2B Internet portal that links large organizational buyers to multicultural owned product and service companies.
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