Siemens Continues Investment in Supply Chain Diversity with Additional $200K in Grants to Small, Black-Owned Businesses Across 10 U.S. Metropolitan Cities
- For the third consecutive year, in partnership with the U.S. Department of Commerce Minority Business Development Agency (MBDA) Business Centers, the grants aim to further advance diversity, equity and inclusion in entrepreneurship
January 16, 2023—Siemens USA continues to expand supply chain diversity in the United States through $200,000 in grants to small, Black-owned businesses for the third consecutive year, now totaling over half a million dollars across 26 businesses since the initiative began in 2021.
“From our employees to our customers and across the supply chain, we believe that diversity, equity and inclusion is a business imperative,” said Nichelle Grant, head of Diversity, Equity and Inclusion, Siemens USA. “This fundamental principle is represented in everything we do, and we’re proud to advance our efforts through continued support and investment in Black-owned businesses for the third year in a row.”
Siemens and the Georgia Minority Business Development Agency (MBDA) Business Center at Georgia Tech will select the winning 10 recipient businesses in 10 U.S. cities where Siemens has a significant footprint. The cities include: Baltimore, Buffalo, Dallas, Denver, Memphis, Pittsburgh, Raleigh, Sacramento, Washington and Louisville. These grants complement the nearly $1 billion that Siemens USA spends annually doing business with small and diverse-owned businesses that comprise nearly a quarter of the company’s entire supplier base.
“To compete in today’s marketplace, we need a resilient supplier base that is as diverse as the society in which we operate,” said Patric Stadtfeld, head of supply chain management for the Americas, Siemens USA. “That’s why we’re committed to investing in Black-owned businesses and empowering them with the maximum opportunity to succeed not just at Siemens, but across industry.”
The MBDA Business Centers will nominate up to five businesses for the grants in each city based on criteria that align with industry demand, including preventative and predictive maintenance, fire and security, electrical, construction, rail and transport, mobility solutions, and facilities and project management. The Georgia MBDA Business Center at Georgia Tech will evaluate and select the winning recipient in each city. The winners will be announced during Black History Month in February 2023 with each receiving a $20,000 grant.
Siemens USA is committed to giving businesses owned by minorities, women, the disadvantaged, the disabled, veterans, and other diverse suppliers with the opportunity to participate in its competitive contracting and procurement processes. Supplier diversity contributes to excellence in the supply chain, leading to growth for Siemens and its suppliers in the marketplace, as well as helping to create social impacts on the changing demographic landscape of the United States. The company also maintains memberships in National Diversity & Small Business Organizations (NMSDC, WBENC, NVBDC, NGLCC, Disability:IN).
Siemens is also working with historically black colleges and universities (HBCUs) to recruit and hire diverse candidates to forge the talent pipelines that will connect graduates to opportunities at Siemens. HBCUs have a long history of developing STEM talent, from engineers to software experts and technicians—all positions that are in great demand at Siemens. Candidates interested in a position at Siemens can visit our Jobs & Careers page.
Through these initiatives and more, Siemens seeks to bring attention to the immense value of smaller businesses and those owned by women, minorities, veterans, people with disabilities, and members of the LGBTQ+ community.
Learn more about Siemens USA’s commitment to diversity, equity, and inclusion at usa.siemens.com/diversity.
For more information on Siemens Small Business and Supplier Diversity Program, visit here.
Contact for journalists
E-mail: Siemens Corporation is a U.S. subsidiary of Siemens AG, a technology company focused on industry, infrastructure, transport, and healthcare. From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more comfortable transportation as well as advanced healthcare, the company creates technology with purpose adding real value for customers. By combining the real and the digital worlds, Siemens empowers its customers to transform their industries and markets, helping them to transform the everyday for billions of people. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a globally leading medical technology provider shaping the future of healthcare. In addition, Siemens holds a minority stake in Siemens Energy, a global leader in the transmission and generation of electrical power. In fiscal 2022, which ended on September 30, 2022, Siemens Group USA generated revenue of $18.6 billion and employs approximately 45,000 people serving customers in all 50 states and Puerto Rico.
About the Minority Business Development Agency
The U.S. Department of Commerce’s Minority Business Development Agency (MBDA) is the only federal program solely dedicated to the growth and global competitiveness of minority business enterprises. MBDA invests in a national network of more than 75 business centers, specialty centers, and grantees. Our programs offer customized business development and industry-focused services to provide greater access to capital, contracts, and markets. 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.
About the Georgia MBDA Business Center
As part of a national network of 75-plus centers, the Georgia MBDA Center helps minority business enterprises (MBEs) access capital, increase profitability, scale, and grow their businesses. Funded by the U.S. Department of Commerce, the Georgia MBDA Business Center is a program of Georgia Tech’s Enterprise Innovation Institute, the nation’s largest and most comprehensive university-based program of business and industry assistance, technology commercialization, and economic development. To learn more, please visit: georgiambdabusinesscenter.org.