Siemens Awards $20,000 Grant to IronShore Contracting LLC of Baltimore to Enhance Minority Representation in its Supply Chain
In partnership with the U.S. Department of Commerce Minority Business Development Agency (MBDA), Siemens awards $140,000 in grants to Black-owned businesses in seven metropolitan areas: Atlanta, Baltimore, Chicago, Detroit, Los Angeles, New York, and Tampa.
February 24, 2021
Siemens and its partner, Atlanta MBDA Business & Advanced Manufacturing Centers at Georgia Tech, selected IronShore Contracting LLC as one of seven Black-owned small businesses to receive $20,000 grant. IronShore Contracting LLC will now join the company’s supplier database consisting of more than 6,000 small and diverse businesses.
IronShore is a professional installer of flat and low slope roof systems for commercial, industrial, institutional, and retail buildings. They serve the Maryland, Virginia, and Washington D.C. area. Similar to others, the impacts from this pandemic have been nearly countless. One of the major affects to IronShore was the delaying of their employee training curriculum and the development of the manufacturing arm of their business. This grant will be used mainly towards training and work force development for an emerging sector in the company.
“Here at IronShore, we are innovators, merchants, bankers, and builders. We pride ourselves on ensuring that every player of the team has what they need to succeed. This includes the client in addition to our employees,” said Gregory Malcolm, President of IronShore. “The timeliness of this grant and the generosity of Siemens & MBDA will go towards the continuing education of our current employees. This grant will allow us to further build the people who build the industry and who build our great city.”
In January, the MBDA Centers nominated nearly 30 Black-owned businesses in seven cities across the country to apply for the Siemens grants. The winners were selected by the MBDA based on their alignment with Siemens’ supply chain needs, and all nominated candidates will join Siemens’ supplier database.
“The Baltimore MBDA Business Center is excited to have been included in the Siemens Entrepreneurship Grant competition. Our Business Center worked with the Baltimore MBDA Advanced Manufacturing Center to identify five viable Baltimore based minority entrepreneurs deserving of this grant. We are pleased that the Baltimore Business Center client IronShore was selected as the Baltimore winner of the Siemens Entrepreneurship Grant. The Siemens Entrepreneurship Grant provides minority businesses with financial assistance during a time when it’s most needed (during the COVID-19 Pandemic) and makes available potential opportunities with Siemens to awardees. We applaud Siemens for their efforts and work within the small and minority business communities,” said Gianna Hylton, Director of the Baltimore MBDA Business Center.
The Siemens grants are intended to help Black-owned companies develop their businesses to successfully compete for contracts, demonstrating the company’s support of minority businesses and mission to advance supplier diversity.
“We as a company are more resilient when our supplier base is inclusive, fostering not only greater competition but also flexibility during challenging times,” said Patric Stadtfeld, head of Supply Chain Management for the Americas, Siemens USA. “We’re proud to support these Black-owned companies and look forward to working together in the future.”
To learn more about Siemens’ role in helping build a more resilient, equitable and inclusive society, please visit the Siemens Stories blog.
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Siemens Corporation is a U.S. subsidiary of Siemens AG, a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 170 years. Active around the world, the company focuses on intelligent infrastructure for buildings and distributed energy systems and on automation and digitalization in the process and manufacturing industries. Siemens brings together the digital and physical worlds to benefit customers and society. Through Mobility, a leading supplier of intelligent mobility solutions for rail and road transport, Siemens is helping to shape the world market for passenger and freight services. Via its majority stake in the publicly listed company Siemens Healthineers, Siemens is also a world-leading supplier of medical technology and digital health services. In addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power that has been listed on the stock exchange since September 28, 2020. In fiscal 2020, Siemens Group USA generated revenue of $17 billion and employs approximately 40,000 people serving customers in all 50 states and Puerto Rico.
MBDA Centers are part of a national network of 40-plus centers and special projects funded by the U.S. Department of Commerce Minority Business Development Agency. MBDA is the only federal agency solely dedicated to the growth and global competitiveness of minority business enterprises. With a vision of economic prosperity for all American business enterprises, MBDA programs, services, and initiatives focus on helping MBEs grow today, while preparing them to meet the industry needs of tomorrow. To learn more about the MBDA and its business center network, visit www.mbda.gov.