What does GMSDC mean in DEVELOPMENT
GMSDC stands for the Georgia Minority Supplier Development Council. It is a private, nonprofit organization that was established in 1988 to help minority-owned businesses gain access to corporate procurement opportunities within the state of Georgia. The goal of GMSDC is to foster economic growth and create jobs primarily through creating partnerships with Fortune 500 companies. Additionally, GMSDC serves a broader objective of promoting diversity among corporate supply chains while increasing economic development throughout the state.
GMSDC meaning in Development in Community
GMSDC mostly used in an acronym Development in Category Community that means Georgia Minority Supplier Development Council
Shorthand: GMSDC,
Full Form: Georgia Minority Supplier Development Council
For more information of "Georgia Minority Supplier Development Council", see the section below.
» Community » Development
Benefits For Members
Membership in GMSDC grants access to a variety of resources designed to help minority-owned businesses succeed. These include educational workshops, networking events, matchmaking sessions with potential buyers, and consultation services geared towards helping members become successful entrepreneurs. Additionally, the council provides information about procurement opportunities within its membership network as well as guidance regarding construction law compliance for subcontractors. Furthermore, GMSDC also offers multiple certification options that providebuyers with the assurance that their partners fulfill criteria established by the NMSDC for high quality standards in business operations. The benefits associated with being a member provide businesses with an invaluable platform from which they can grow their operations while simultaneously building relationships with othersoutside their immediate circle of contacts.
Essential Questions and Answers on Georgia Minority Supplier Development Council in "COMMUNITY»DEVELOPMENT"
What is the purpose of Georgia Minority Supplier Development Council?
The Georgia Minority Supplier Development Council (GMSDC) strives to create economic opportunities for certified minority business enterprises by providing access to corporate and government procurement decision-makers. GMSDC also works to grow relationships between minority suppliers and large corporate purchasers in order to increase the participation of minority businesses in the supply chain.
How can I become a certified MBE with GMSDC?
In order to become a Certified Minority Business Enterprise (MBE), you must meet all eligibility requirements outlined on the GMSDC website. The application process includes submitting business documents, such as financial statements and tax returns, as well as completing a company profile. Once approved, you will receive a Certificate of Good Standing valid for two years before having to re-certify.
What are GMSDC’s Corporate Member benefits?
Corporations that join the GMSDC network gain access to a carefully vetted pool of diverse suppliers, most notably their own MBE-certified roster. Members also benefit from customized matchmaking services, online sourcing tools, exclusive forums, and high-profile events such as an annual awards gala and networking events with select MBEs.
Who is eligible for GMSDC certification?
To qualify for certification, a business must be at least 51% owned and controlled by someone who is African American, Asian American, Hispanic American or Native American. Additionally, the owner's primary place of residence must be located in one of Georgia's 159 counties or the City of Atlanta. There may be other restrictions depending on the type of business.
What are my responsibilities as an MBE certified through GMSDC?
As an MBE certified through GMSDC it is your responsibility to maintain good standing by filing all necessary paperwork before recertification every two years. It is also important that you communicate with GMS
Final Words:
GMSDC has been creating opportunity since 1988, providing minority-owned businesses with access to resources designed to promote success in corporate procurement networks across Georgia. Through its advocacy effortsand ongoing mission of helping diverse groups achieve economic parity within mainstream markets, GMSDC continues to be essential for growing businesses throughout the region.