5 Things / spread the spend

I'm finding a lot of reasons for hope these days. I hope you are, too. 

Something that's been on my mind lately has been equity. And by equity, I mean changing the systems to give those who have fewer privileges a leg up. Changing the systems. One way to do this is to change where money is spent. New York City just became more equitable.

New York recently became the largest city in the United States to recognize LGBTQ business enterprises as diverse suppliers in its supplier diversity program. Supplier diversity programs are typically housed in procurement and are an important commitment to spending money with businesses owned by under-represented populations. Up until now, New York didn't count LGBTQ-owned businesses as "diverse."

This matters because this will give LGBTQ-owned businesses greater access to NYC contracts. 


With what types of businesses does your company spend its procurement budget?
 Diversifying your vendors is a powerful, and not-that-hard, way to create greater equity. It's really hard to change systems, but it's worth it. If not now, then when?

Here are some other good vibes I found this week: 

Image by: Atlanta Tribune

Previous
Previous

5 Things / BHM edition

Next
Next

Takeaways from 5 Trends in DEI for 2021