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The MDHCC Partners with the Federal Reserve Bank of Richmond on Supplier Diversity Fair

Tuesday, October 2, 2018   (0 Comments)
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FOR IMMEDIATE RELEASE

MEDIA CONTACT:
Brandon Warehime
info@mdhcc.org
410.825.0994

 
The MDHCC Partners with the Federal Reserve Bank of Richmond’s
Baltimore Office on Supplier Diversity Vendor Fair
 

Baltimore, MD—October 02, 2018—The Maryland Hispanic Chamber of Commerce (MDHCC), the leading chamber of commerce representing and connecting over 60,000 Hispanic-owned businesses in the region, partnered with the Federal Reserve Bank of Richmond to launch the Fed’s first Supplier Diversity Vendor Fair held at the Baltimore Branch. The Fair, which took place on September 20th, aimed to further strengthen the minority business community’s understanding and access to procurement opportunities with the Fed and beyond.

The Federal Reserve Bank of Richmond’s Baltimore Office has been a strong partner to the MDHCC for two years, and the vendor fair is only the latest in a series of outreach events to the chamber’s members. As an organization that is strongly committed to hiring and contracting minorities, the Fed has been a natural ally for the chamber in designing a comprehensive event that directly responded to MDHCC members’ questions. Baltimore Regional Executive and Senior Vice President Dave Beck said, “This event is part of our Bank’s strategy to incorporate diversity and inclusion into our business, procurement and supply chain practices and grew out of conversations with diverse business organizations and chambers of commerce in the region that have been central to our outreach efforts.”

MDHCC Chairman, Jorge Castillo, explained, "While this vendor fair focused on direct contract opportunities for our diverse members, our quarterly Membership Orientation & Economic Outlook Breakfasts have been paramount in allowing our members to understand exactly what the Fed does beyond setting monetary policy. In particular, they have highlighted the importance that the Fed’s large research arm plays in national monetary policy recommendations by having direct access to a pool of Hispanic-owned businesses and their leaders. Our members see tremendous value in being associated with the Federal Reserve Bank of Richmond and this fair is another example of the great programming and opportunities both of our organizations are bringing forth to serve minority communities in Maryland.”

The vendor fair’s plenary session broke down exactly how companies can be part of the growing number of minority firms that do business with the Fed. Afterwards, the four breakout sessions explored certification, doing business with the state, payments for small businesses and tips on accessing capital. Throughout the day, and perhaps most importantly, MDHCC members and other attendees had an opportunity to meet face to face with their contracting officers, establish relationships, and ask important questions about the contracting process and future opportunities.

 
MDHCC Chairman, Jorge Eduardo Castillo, addresses the Diversity Fair attendees




 



Photos provided by the Federal Reserve Bank of Richmond’s Baltimore Office. All rights reserved.

 

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About the Maryland Hispanic Chamber of Commerce: The Maryland Hispanic Chamber of Commerce is the premier state-wide institution for the representation and advancement of business interests before the public and private sectors. The Maryland Hispanic Chamber of Commerce (MDHCC) focuses on developing a business network that provides the Hispanic community and the business community at large with cohesion and strength. The MDHCC delivers its members with the three proven “P’s” to propel businesses towards success: Promotion, Partnerships and Procurement Advice.

Since its inception, the MDHCC has worked towards bringing the issues and concerns of the state’s thousands of Hispanic-owned businesses to the forefront of the state’s economic agenda. Throughout its 30-year history, the Chamber has enjoyed outstanding working relationships with the state’s Administration, the state legislature and its leaders, Members of Maryland’s Congressional delegation and the current and former White House Administrations. Through its association with a network of local Hispanic Chambers of Commerce and Hispanic business organizations, the MDHCC effectively communicates the needs and potential of Hispanic and non-Hispanic enterprises to the public and private sector. For more information visit www.mdhcc.org.



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