Simpson added that ConEd generally is looking for specialists and not vendors who claim they can be all things to all people. But she also cautioned that the company has consolidated many of its outsourcing projects on account of Con Edison doing business as a downturn as a result of the economy. However, last year it qualified 40 new suppliers from its service area. Since ConEd began actively seeking out minority and women-owned suppliers, in 1969, its initiative has grown from $81 thousand in contracts being awarded to fewer than 30 vendors, to $307 million in contracts to MWBE's suppliers in 2010. "We have a high profile in the community and our preference is to do business with suppliers in our service area. But we need vendors who understand ConEd.
Qualifying her remarks, Simpson said safety for ConEd customers, employees and vendors is the company's number- one priority. "We want people to go home the same way they came into work." She also said that a supplier must have at least two years experience, evidence that it is financially viable, and a contract with ConEd must not constitute more than 40% of its income."
Because of these and other specific requirements, not all companies may initially qualify to become a ConEd supplier, Simpson cautioned. "However, there are opportunities to become second-tier suppliers working in conjunction with established suppliers. Be persistent in pursuing business with ConEd. "Keep in touch, and use us as a liaison in your interest in doing business with Con Edison."
John F. Robinson, president and CEO of NMBC, noted that this luncheon is part of a series of professional development and networking opportunities produced by NMBC for its members and invited guests. "We will be hosting our Summer Entrepreneurship Boot Camp, June 17th and 18th in New York, and a Financial Opportunity Luncheon, focusing on creative ways for raising capital for your business, in mid-July. These quality events alone make the cost of membership in NMBC well worth the investment" Although a date has not been finalized, the speakers at the Financial Opportunity Luncheon will be Allan R. Rudd, former vice president of finance for Paynewebber, Richard Levychin, CPA, partner, KBL CPAs, and Demetric A. Duckett, vice president, capital access program, Carver Federal Savings Bank. -
For more information about registering for any of these events or on NMBC membership, contact NMBC at 212-693-5050.
AWARDED 10 MOST INFLUENTIAL BLACKS
Mr.Burgess, President of The Burgess Group, was awarded THE 10 MOST INFLUENTIAL BLACKS IN BUSINESS AWARD by The African American Chamber of Commerce Westchester & Rockland, Inc. (AACCWR). The reception honoring THE 10 MOST INFLUENTIAL BLACKS was held at Doubletree Hotel in Tarrytown, NY on Thursday, June 17th.
The following list of the Ten Most Influential Blacks that were honored are:
Mr. G. Lamont Blackstone, Principal, G.L. Blackstone & Associates
Ms. Sandra Blackwell, Publisher The Westchester County Press
Mr. William H. Burgess, III, President The Burgess Group
Mr. Michael M. Clay, Direcor, Opportunity Programs Group of the Dormitory Authority of the State of New York
Mr. Henry A. May, Author of Sallwardt Publications
Ms. Olive Peart, Author, Publisher of the Demarche Publishing LLC
Mr. Rodney J. Raynolds, Founding Publisher of American Legecy Magazine
Mrs. Yolanda Robinson, Chief of Staff to the Mayor Cliton I. Young, Jr. of the City of Mount Vernon
Mr. Timothy D. Scott, Executive Chief Tee's fish Chaips N More LLC
Ms. Jillian White, President of White Picket Fences Appraisals