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UTC Honored for Creating Multicultural Business Opportunities
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HARTFORD, CT. - January 27, 2009 / -- DiversityBusiness.com / -For the fourth straight year, United Technologies Corp. (NYSE: UTX) is on DiversityBusiness.com's list of the Top 50 Organizations for Multicultural Business Opportunities.
UTC's supplier diversity program exemplifies DiversityBusiness.com's goal of recognizing corporate leadership that provides business opportunities for diverse companies, according to the publication.
"At UTC, supplier diversity is about creating a competitive advantage," said Jothi Purushotaman, UTC vice president, operations. "Multicultural suppliers bring new perspectives that create innovation, enhance productivity and improve our products and services."
During the past six years, UTC has spent approximately $1.7 billion with minority suppliers at an annual estimated growth rate of 18 percent.
DiversityBusiness.com's list, known as the Div50, is based on an online survey of 650,000 diversity business owners. UTC ranked 18th on this year's list, up from 20th last year.
United Technologies Corp., based in Hartford, Conn., provides energy efficient and high technology products and services to the building and aerospace industries.
Since 2005, UTC has been on the list of Global 100 Most Sustainable Corporations in the World, at the World Economic Forum in Davos, Switzerland. The company also has been on the Dow Jones Sustainability Indexes every year since the indexes began in 1999.
Contact: Tom Downie, (860) 728-7012, www.utc.com
About DiversityBusiness.com
Launched in 1999, DiversityBusiness, with over 50,000 members, is the largest organization of diversity owned businesses throughout the United States that provide goods and services to Fortune 1000 companies, government agencies, and colleges and universities. DiversityBusiness provides research and data collection services for diversity including the "Top 50 Organizations for Multicultural Business Opportunities", "Top 500 Diversity Owned Companies in America", and others. Its research has been recognized and published by Forbes Magazine, Business Week and thousands of other print and internet publications. The site has gained national recognition and has won numerous awards for its content and design. DiversityBusiness reaches more diverse suppliers and communicates more information to them on a more frequent basis then all other organizations combined. We also communicate with mainstream businesses, government agencies and educational institutions with information related to diversity. Our magazine reaches over 300,000 readers, a monthly e-newsletter that reaches 2.4 million, and website visitors of 1.2 million a month. It is a leading provider of Supplier Diversity management tools and has the most widely distributed Diversity magazine in the United States. DiversityBusiness.com is produced by Computer Consulting Associates International Inc. (CCAii.com) of Southport, CT. Founded in 1980.
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