To Compete During Economic Uncertainty, Minority Suppliers Must Network, Form Alliances and Conquer the Internet

Black Enterprise, June, 2001 by April W. Klimley

A member of the National Minority Supplier Development Council, Coors supports local and regional minority supplier development councils throughout the nation.

We support Minority and Women Business Entrepreneurs (MWBEs) by participating in business networking exchanges, seminars, special events and trade fairs and by making direct and in-kind contributions to MWBE programs.

It is the policy of the Coors Brewing Company to ensure that minority and women owned businesses have opportunities to participate in providing materials and services required by Coors.

Strengthening the minority business community economically contributes to overall economic growth and the expansion of our markets. By forming partnerships with minority and women suppliers, we will drive their growth and development and we will assist them in fulfilling our expectations for quality, delivery and cost of goods and services.

At Coors, we give minority and women business an opportunity to compete with all other suppliers in the competitive marketplace.

For additional information or to receive a supplier datasheet, please contact:

Coors Brewing Company Attn: Colleen Mayer or Liz Wayland P.O. Box 4030/BC525 Golden, CO 80401-003 e-mail: colleen.mayer@coors.com or liz.wayland@coors.com

J.P. Morgan Chase & Co.

At J.P. Morgan Chase & Co., diversity continues to be a top priority. Throughout the merger that created JPMorgan Chase, the company has continued to institutionalize supplier diversity at all levels and to ensure that Minority and Women Business Enterprises (MWBEs) participate in each step of the procurement process.

For the year 2000, JPMorgan Chase increased its expenditures with minority and women-owned firms by 39% to $356 million. MWBEs bid more competitively across products and services categories, and won larger dollar contracts in areas related to technology/telecommunications, transportation, fax equipment, janitorial and travel services.

The JPMorgan Chase Supplier Diversity Program (SDP) has expanded the roles of minority- and women-owned suppliers beyond the traditional procurement areas and into professional and technical services. Formally established in 1994 as part of the ,company's Community Development Group, the SDP's mission is to ensure that MWBEs have an equal opportunity to do business with JPMorgan Chase. Over the past seven years (1994-2000), the company has spent more than $1 billion with MWBEs.

In 1998, the company launched "Partnering for Success," a series of internal customized events that provide MWBEs with better access to information, contracting opportunities, decision-makers, management expertise and financial services. Throughout the year MWBEs have the opportunity to attend a series of in-house trade shows, buyer/supplier networking events and business management seminars. These events have helped deepen business relationships for many of JPMorgan Chase's incumbent MWBE suppliers, while providing a forum for prospective MWBEs to build new relationships with the company.