Bank of America Announces $10 Billion Supplier Spending Commitment for Small, Medium-Sized and #Diverse Businesses. #supplier #diversity
(Business Wire) Bank of America today announced a commitment to increase its spending with small, medium-sized and diverse businesses, pledging to purchase $10 billion in products and services from those companies over five years, with the spending amount expected to grow by an average of more than 5 percent each year.
“What businesses of all sizes are telling us they need most right now is more business,” said Brian T. Moynihan, president and chief executive officer, Bank of America. “In addition to extending credit and providing technical assistance and a full range of banking services to our clients, we want to increase our support by purchasing more of their products and services, particularly from small, medium-sized and diverse businesses — coast to coast and across a wide range of industries. We hope other large companies will do the same.”
Small, medium-sized and diverse businesses provide the bank with a broad range of valuable services and products, including advertising, furniture, cleaning, courier service, home inspections, legal services, landscaping, maintenance, photography, security and software.
Bank of America Announces $10 Billion Supplier Spending Commitment for Small, Medium-Sized and #Diverse Businesses. #supplier #diversityTags: Bank of America, mbe, minority, minority business, minority owned, minority owned business, mwbe, supplier diversity
