Greater New England Minority Supplier Development Council Newsletter- April 20, 2015
Greater New England Minority Supplier Development Council e-Newsletter
April 20, 2015
mission of the Greater New England Minority Supplier Development
Council is to significantly increase business relationships between our
corporate members and our certified MBEs. We believe that minority
business development is a key component of reducing poverty,
unemployment, increasing wealth, and integrating American society. You
are receiving this email in order to keep you abreast of developments
with the Greater New England Minority Supplier Development Council,
Supplier Diversity Issues and Minority Business Development. If you
like what you read please share internally and externally.
Welcome GNEMSDC Interim President - Peter F. Hurst Jr.
to joining the Council, Peter F. Hurst, Jr. was a Senior Advisor with
Macquarie Infrastructure and Real Assets, an infrastructure - focused
private equity firm, and acts as interim CFO for our Club Collection, a
minority and women-owned private social network for professional and
social organization. He also was the Founder, Chairman, Chief Executive
Officer, President and Acting Chief Financial Officer of The Community's
Bank, the only minority-owned and managed bank in the State of
Mr. Hurst was the President of Hurst Capital Partners, Inc., a
financial advisory and merchant-banking firm. Before starting his own
firm, Mr. Hurst was a Senior Vice President in Dean Witter Reynolds'
Corporate Finance/Financial Institutions Group. Mr. Hurst was also a
member of the Financial Institutions Group of E.F. Hutton. He began his
career as a practicing lawyer. Mr. Hurst was an Attorney in the
General Counsel's Office of the Federal Reserve Board, and an Associate
with the Washington, D.C. law firm of Steptoe & Johnson. In 1981,
Mr. Hurst served as a law clerk to the Honorable Damon J. Keith of the
United States Court of Appeals for the Sixth Circuit.
Hurst received his Juris Doctor from Harvard Law School in 1981, and
graduated Magna Cum Laude from Duke University with an A.B. in
accounting in 1978.
He is married to Margaret Young Hurst and is the father of two adult children.
Please help the GNEMSDC Board of Directors and staff welcome Peter to the Council.
are several events coming up on our calendar that are designed
specifically for MBEs to learn about corporate opportunities. We know
how busy everyone's schedule is, but these are events often hosted by
our corporate members with the expressed purpose of finding out more
about you and your business with the ultimate aim, to make you a
valuable supplier to their companies. Here are some events you should
April 22, 2015 - New MBE Orientation 9:30am, GNEMSDC Office 100 Huntington Avenue Dartmouth Shops/Copley Place Boston, MA.
May 18-20, 2015 - Diversity Alliance for Science 8th Annual East Coast Conference & Expo, Renaissance Newark Airport Hotel, 1000 Spring Street, Elizabeth, NJ. Click here for more information and to RSVP
May 17-23 - Tuck School of Business "Building a Successful Minority Business Program"
at Dartmouth College Hanover, NH. The GNEMSDC has scholarship funds
generously donated by a corporate member. If you are interested in
attending this fantastic program call the office. Priority will be
given to MBEs who have been certified for at least 3 years.
May 27 - Federal Reserve Bank of Boston Supplier Diversity Event "Engage and Connect"; 10:00 AM - 1:00 PM, 600 Atlantic Avenue, Boston, MA; RSVP
July 13, 2015 - GNEMSDC Supplier Diversity Golf Classic, Lake of Isles at Foxwoods
September 24-25, 2015- GNEMSDC Trade Expo at Foxwoods
November 18, 2015 - GNEMSDC - MBDA - CWE Supplier Diversity Best Practices Forum at Fenway Park, Boston, MA.
2015 GNEMSDC 40th Anniversary Gala Photos
The GNEMSDC Gala Photos taken last weekend can be found in the link below.
Special thanks to Tom Ficklin for his continuous support.
Institute for Supply Management - 2015 CT Forum
The theme for this year's Forum is
"Responsibility: Social, Economic and Environmental"
There will a panel discussing "Big Business, Government and Small Business Enterprise"
and the panelists include Dr. Fred McKinney (Tuck School of Business),
Jamie Crump (United Rentals) and state officials as well as other big
business diversity leaders.
Gioia, from the Connecticut Business & Industry Association, will
discuss the state of the Connecticut economy. In addition, the committee
is still reviewing speakers on sustainability and how it impacts the
The GNEMSDC MBEIC is sponsoring a Meeting and Jazz Evening with Jeffrey Osborne, Kim Waters, Brian Simpson and others.
John Lyman Center of Performing Arts
5:00 pm - 7:00 pm
8:00 pm - 10:30 pm
Thank you to all who have purchased their tickets. We will see you at the event which is now SOLD OUT. To find out more information about this event please contact ....
Pullman & Comley Legal Seminar - May 19, 2015
Classify Your Employees Properly - Avoid Government Penalties and Private Litigation
business must classify the people who work for it as either employees
or independent contractors. Employees must, in turn, be classified under
federal and state wage and hour laws as either overtime-eligible
("non-exempt") or as "exempt" from overtime pay rules. An employer's
failure to make these decisions correctly can lead to government
investigations, penalties, and liability for unpaid wages, benefits, and
punitive damages. This is an extremely active area for litigation with disgruntled workers. Jonathan Orleans, Chair of P&C's Employment Law Section, will tell you what you need to know to classify your workers correctly.
This presentation will cover:
the difference between employees and independent contractors; the "ABC Test" and other applicable standards
exemptions from overtime requirements; the "salary basis" test and exempt duties
federal and state enforcement initiatives; what to do when the Department of Labor comes knocking
Pitney Bowes Inc.is
a global technology company offering innovative products and solutions
that enable commerce in the areas of customer information management,
location intelligence, customer engagement, shipping and mailing, and
global ecommerce. More than 1.5 million clients in approximately 100
countries around the world rely on products, solutions and services from
team at Pitney Bowes delivers innovations that help clients navigate
the complex and always evolving world of commerce - from helping them
use data to market to the best customers, to efficiently enabling the
sending of parcels and packages, to security payments through statements
Bowes is committed to the growth of business with diverse suppliers.
The company firmly believes that diverse businesses enhance our supply
base, providing innovative strategies and solutions while meeting or
exceeding expectations in the areas of cost, quality and delivery. They
work diligently to ensure that minorities, women, veterans,
service-disabled veterans, HUBZone, LGBT and other economically
disadvantaged small businesses have the opportunity to compete for their
Bowes report their diverse supplier spend quarterly against their
internal goals and their Small Business Administration subcontracting
plan. Majority suppliers, with whom Pitney Bowes currently spend more
than $1 million per year, are required to report their supplier
diversity spend on a quarterly basis.
be considered for business with Pitney Bowes, diverse businesses are
encouraged to seek certification from one of the following agencies:
National Minority Supplier Development Council
Women's Business Enterprise National Council
Small Business Administration
Association for Service Disabled Veterans
Certification by local and state governments are also accepted.
Bowes provides numerous opportunities for diverse suppliers to connect
with sourcing professionals and internal stakeholders. The company is an
active member of the National Minority Supplier Development Council and
the Women's Business Enterprise National Council, the two premier
certification and business development organizations for minority and
mission is to maximize client's wealth over time, investing in
undervalued businesses using a disciplined investment approach based on
fundamental research and present value.
and Chief Investment Officer A.Rama Krishna leads the team of global
business analysts as well as the portfolio construction team, which
makes final decisions on all companies that enter and leave the
portfolios. He has over 26 years investment experience in managing
portfolios and analyzing investments. His strong track record spans both
developed and emerging markets equity strategies, with global and
international equity specializations.
is a global organization of highly skilled professionals and is aligned
around values, client service and results, all designed to generate
superior long-term returns by investing in companies trading at a
discount to intrinsic value. Presently, the company has three equity
strategies: Global Equity, International Equity, and Emerging Markets
a state funded surety bond guarantee program. This program is
co-managed by GNEMSDC and Community Capital Corporation. Up to $100,000
in collateral is provided to facilitate the issuance of a surety bond to
Click below to view the BondSure Launch in Bridgeport, CT - January 22, 2015
Federal Reserve Bank of Boston's vision revolves around the core notion
of excellence in serving the public. They have highly skilled and proud
employees and provide meaningful and challenging development
opportunities to a diverse workforce. Please visit their career page for
additional information and a listing of open positions. http://www.bostonfed.org/about/employment/index.htm
GNEMSDC President and CEO
your leadership skills to take GNEMSDC to the next level. We are
currently seeking a President/CEO to lead the execution of the
organization's vision and mission. For the full job description and
resume submittal instructions please click here. Resumes must be submitted by April 30, 2015.