Minority Business Enterprise
ACHIEVE MINORITY SPEND CREDITS THROUGH TOOL CRIB
TOOL CRIB can provide Minority Spend/Diversity Spend credits to help customers with initiatives and strategies to support minority business enterprise (MBE) companies and minority communities as a whole.
Many government procurement agreements require the contractor to meet a minority participation goal. Likewise, many major manufacturers within the automotive, aerospace and other large industries have established programs to include participation for minority owned businesses. Often, these requirements are met by “First Tier” supplier to those companies.
THE TOOL CRIB has an alliance with IBC to enable TOOL CRIB customers to capture minority spend credits if they so desire. IBC’s unique business offering provides value beyond just MBE participation credits. IBC can provide services to a single site or to national accounts with multiple locations. IBC’s unique approach is to form a consortium of participating suppliers who can provide local support and expertise to each facility involved in a program. These suppliers partner with IBC to provide centralized billing, reporting and coordination. This arrangement gives the customer the best of both a single source as well as local specialized support for the plant’s operations.
IBC’s programs can cover multiple commodity groups within a facility. They have been a multiple award-winning supplier to Honda Motors Corporation for several years. IBC is a minority-owned business certified by the Connecticut division of the National Minority Supplier Development Council (NMSDC). IBC meets NMSDC criteria as a Hispanic and veteran owned company. IBC is the only minority owned organization with a base of distributors covering industrial MRO throughout North America.