Siemens to Award $140K in Grants to Black-Owned Businesses Across Seven U.S. Metropolitan Cities to Build More Resilient Supply Chains
In partnership with the U.S Department of Commerce Minority Business Development Agency (MBDA) Centers, the grants will support diversity and inclusion in entrepreneurship and business development.
Siemens USA today announced it will provide a total of $140,000 in grants to Black-owned businesses to support diversity and inclusion in entrepreneurship and business development. Siemens and its partner, the Atlanta MBDA Business & Advanced Manufacturing Centers at Georgia Tech, will select businesses to receive the grants across seven U.S. cities including Atlanta, Baltimore, Chicago, Detroit, New York, Orlando, and Pasadena.
“To build resilient supply chains, and to expand our own business opportunities, we need a marketplace that’s diverse and inclusive,” said Nichelle Grant, head of Diversity, Equity and Inclusion, Siemens USA. “These grants are intended to help Black-owned companies develop their businesses to be in the best position to compete for contracts and become part of supplier bases like ours.”
The minority business community, and Black-owned businesses in particular, have experienced numerous hardships during this time of the pandemic, social unrest and economic downturn. The Siemens grants demonstrate the company’s support of minority businesses and mission to advance supplier diversity.
“For many years, Siemens Supply Chain Management has strategically sourced from diverse businesses to benefit from the innovation and creativity these suppliers have to offer. Any resilient and successful supply chain needs to invest in cultural diversity as part of its vision,” said Patric Stadtfeld, head of Supply Chain Management for the Americas, Siemens USA. “We’re proud to continue supporting and growing our supplier base of more than 6,000 small and diverse businesses.”
The MBDA Centers will nominate up to five businesses for the grants in each city based on their financial challenges and alignment with Siemens’ supply chain needs, and all candidates will be entered into Siemens’ supplier database. Grants in the amount of $20,000 will be awarded to each of the seven winners in late February. The seven cities were chosen based on Siemens footprint and supplier partner needs.
“The MBDA Centers are proud to partner with Siemens as the company strategically provides financial support to minority-owned businesses during this critical time,” said Donna Ennis, Director of the Atlanta MBDA Business & Advanced Manufacturing Centers. “By providing the support our businesses need during these unique times, Siemens further demonstrates its commitment to greater diversity within the marketplace and an understanding of the importance of Black-owned businesses to the overall health of the today’s business climate and economy.”
These grants align with Siemens’ ongoing commitment to drive meaningful, measurable impact towards closing the opportunity gap in the Black business community. The company recently expanded its longtime partnership with the National Center for Civil and Human Rights (NCCHR) in Atlanta by offering guided virtual tours for employees and HBCU students to explore the powerful exhibits of social change. The company and its partners also deployed its air filtration and thermal imaging technology at NCCHR to help them remain open safely to the public during COVID-19.
This mission is also advanced through the work of the Siemens Foundation, the non-profit organization established by Siemens USA, and its recent $2 million pledge to Community Development Financial Institutions Funds (CDFIs) to support social and economic equity in racially diverse communities. The Foundation, with support from Siemens Healthineers, also committed $2 million to 20 community health centers across the country to help them respond to the COVID-19 crisis and continue to provide care for millions of Americans in underserved populations. Additional donations are supporting Historically Black Colleges and Universities (HBCUs) in their plans to safely reopen campuses.
To learn more about Siemens’ role in helping to build a more resilient, equitable and inclusive society, please visit the Siemens Stories blog.
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.