Office of Minority Business Development, Capital One partner in the Diverse Supplier Mentoring Program

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Office of Minority Business Development, Capital One partner in the Diverse Supplier Mentoring Program


Today, the City of Richmond’s Office of Minority Business Development and Capital One officially announced the “Diverse Supplier Mentoring Program.”

 

Led by Capital One, the program provides business owners with the tools, resources and counsel needed to succeed in today’s marketplace. A part of Capital One’s Impact Initiative, the program aims to accelerate the success of small business owners to create more jobs, strengthen the local economy and move our society toward a more equitable future.

 

Ten businesses have been selected to participate in the program, which will pair associates with business owners to develop sustainable models that accelerate year over year growth, profitability and key operating metrics. The program will also consist of seven formal classes: Intro to Legal, Design Thinking, Social Media, Accounting & Cash Flow, Cybersecurity, Change Management and Access to Capital. All classes will take place virtually.

 

“This program will help build long-term stability and provide the necessary tools to enable these businesses to not only survive, but also to thrive,” said Mayor Levar M. Stoney. “I’m grateful to Capital One for investing in this partnership to support our minority-owned businesses.”

 

“At Capital One, we recognize the longstanding impact of Richmond’s Black-owned businesses on the social and economic vitality of the city,” said Jim Gorzalski, Chief Procurement Officer and Senior Vice President of Enterprise Services at Capital One. “As part of our greater supplier diversity work, we are honored to provide mentorship to accelerate the revenue and business growth of these entrepreneurs in the city where we live, work and serve.”

 

For more information, please contact Pat Foster in the Office of Minority Business Development (patricia.foster@richmondgov.com), or Julie Rakes (Julie.rakes@capitalone.com) or Reuben Essandoh (reuben.essandoh@capitalone.com) at Capital One.