FedEx and the Black Enterprise Entrepreneurs Summit

Rhea-AI Summary

FedEx Corporation announced its support for the Black Enterprise Entrepreneurs Summit, a significant event for African American business owners in the U.S. The company has invested heavily in supplier diversity, procuring $18.7 billion from small, minority, and women-owned businesses in 2021. FedEx collaborates with diversity organizations to enhance opportunities for these enterprises. Additionally, initiatives like the FedEx Small Business Center and the Small Business Grant Contest further support entrepreneurial growth, distributing over $365,000 in prizes in 2022.

Positive

• Procured $18.7 billion from diverse suppliers in 2021.
• Supports the Black Enterprise Entrepreneurs Summit, expanding community engagement.
• FedEx Small Business Center provides valuable resources for entrepreneurs.
• Small Business Grant Contest awarded over $365,000, enhancing brand reputation.

Negative

• None.

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NORTHAMPTON, MA / ACCESSWIRE / January 12, 2023 / FedEx Corporation

Black Enterprise Entrepreneurs Summit

FedEx supports the Black Enterprise Entrepreneurs Summit one of the nation's largest gatherings of African American business owners in the U.S.

Supplier Diversity

For more than two decades, FedEx has proactively sourced products and services from small, minority- and women- owned Businesses across our supply chain. In 2021 we procured $18.7 billion in goods and services from diverse and small business suppliers.

We regularly collaborate with national and regional diversity organizations to promote the growth of small and diverse businesses and to increase opportunities for FedEx to work with these enterprises.

Other FedEx programs and initiatives designed to help entrepreneurs include the online FedEx Small Business Center which features shipping solutions and e-commerce tips, and the Small Business Grant Contest which celebrated its 10th anniversary in 2022 and distributed a collective prize pool of more than $365,000 in the US. The contest now takes place in more than 16 countries.

Read More

View additional multimedia and more ESG storytelling from FedEx Corporation on 3blmedia.com.

Contact Info:
Spokesperson: FedEx Corporation
Website: https://www.3blmedia.com/profiles/fedex-corporation
Email: info@3blmedia.com

SOURCE: FedEx Corporation

View source version on accesswire.com:
https://www.accesswire.com/735089/FedEx-and-the-Black-Enterprise-Entrepreneurs-Summit

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is FedEx's involvement in the Black Enterprise Entrepreneurs Summit?

FedEx supports the Black Enterprise Entrepreneurs Summit, a major gathering for African American business owners.

How much did FedEx spend on diverse suppliers in 2021?

In 2021, FedEx procured $18.7 billion from small, minority, and women-owned businesses.

What initiatives does FedEx have for supporting small businesses?

FedEx offers the Small Business Center and runs the Small Business Grant Contest, which distributed over $365,000 in 2022.

How many countries does the FedEx Small Business Grant Contest operate in?

The Small Business Grant Contest takes place in more than 16 countries.