Annual Edition 'Buying Power of Black America' report
breaks down billions in expenditures Black
consumers are responding to tighter economic condition by focusing more
of their spending on items and services that improve their homes and
lifestyle. That's one of the trends revealed in the 15th annual report,
"The Buying Power of Black America," published by Target Market News.
The report analyzes spending for black households in 2008 and finds that
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Wright named president of National Minority Supplier Development Council
2010) Joset B. Wright, a former procurement executive, has been named
president of the National Minority Supplier Development Council. Ms.
Wright will succeed Harriet R. Michel, who will retire on June 30 after
22 years at the helm of the corporate membership organization.
"We are pleased to have a leader of Ms. Wright's caliber as the next
president of NMSDC," said Richard A. Hughes, chairman of the NMSDC
Executive Committee, who led the national search committee. "Her
executive experience, knowledge of procurement and strong understanding
of the value of minority supplier development will be instrumental in
Currently, Ms. Wright is the executive director of Orchard Village, a
not-for-profit organization that supports people with disabilities.
Prior to that, she was vice president and managing director at The
Hollins Group, a minority-owned executive retained search firm in
"I'm excited about the opportunity to join a dynamic organization like
NMSDC," said Ms. Wright. "I spent a large part of my corporate career in
procurement and supplier diversity, and I'm looking forward to helping
NMSDC grow its mission of connecting minority businesses with corporate
Ms. Wright spent 13 years at Ameritech. Most recently, she was president
of Ameritech Illinois, where she was responsible for all regulatory,
legislative and external relations activities following the merger of
Ameritech Corporation and SBC Corporation. At the time, Ameritech
Illinois was the largest communications company in Illinois, with $4.5
billion in annual operating revenues. Prior to that, she was vice
president of procurement and property services at Ameritech Corporation,
where she oversaw the operation of all corporate support services,
including procurement, real estate operation and security services. Ms.
Wright is an attorney. She served as vice president and general counsel
for Ameritech Enhanced Business Services and Indiana Bell.
Ms. Wright received a bachelor's degree from Denison University and a
juris doctor from Georgetown University Law Center.
Providing a direct link between corporate America and Asian, Black,
Hispanic and Native American-owned businesses is the primary objective
of the National Minority Supplier Development Council, one of the
country's leading business membership organizations. It was chartered in
1972 to provide increased procurement and business opportunities for
minority businesses of all sizes.
The NMSDC Network includes a national office in New York and 37 Regional
Councils across the country. There are 3,500 corporate members
throughout the network, including America's top publicly-owned,
privately-owned and foreign-owned companies as well as universities,
hospitals and other buying institutions. The Regional Councils certify
and match more than 16,000 minority-owned businesses with member
corporations that want to purchase their goods and services.
For more information visit the Web site at www.nmsdc.org.