22%

increase in total revenues at MBEs

certified by NMSDC ($261 billion, up from $214 billion)

64%

increase in total US jobs at MBEs

certified by NMSDC (865,000, up from 528,000)

126%

increase in wages earned by US employees at MBEs

certified by NMSDC ($72 billion, up from $31.8 billion)

Average employee composition at MBEs certified by NMSDC held steady at 70% minority employees

In the words of Ying McGuire, CEO and President of NMSDC: “Overall, this Report shows how NMSDC is leading the charge to economic equity by creating connections that help MBEs and corporations to benefit from each other, stoking entrepreneurship, and growing wealth for these excluded communities… and there is more work to be done!”.

Additionally, the report breaks down a state-by-state comparison between 2019 and 2021, which allows NMSDC to work with its Regional Affiliates to take a deeper dive into the why behind the numbers and develop strategies to address the decline in various regions. Where does your state measure up?