The global entertainment company is the only company in Nevada to make Women’s Business Enterprise National Council’s 2019 List of Top Corporations
LAS VEGAS, Feb. 3, 2020 /PRNewswire/ — MGM Resorts International (NYSE: MGM) is one of “America’s Top Corporations for Women’s Business Enterprises,” according to the Women’s Business Enterprise Nation Council (WBENC). The annual list is the only national award honoring corporations for world-class supplier diversity programs that reduce barriers and drive growth for women-owned businesses.
“We are honored to receive this special recognition for the seventh consecutive year,” said Stacey Taylor, Sr. Vice President & Chief Procurement Officer for MGM Resorts International. “Partnering with women-owned businesses is a top priority and ensures we provide amenities and services of the highest quality to guests visiting our resorts.”
MGM Resorts is one of 75 corporations that meet WBENC’s rigorous standards. The Top Corporations recognized this year collectively spent more than $51.9 billion with WBENC-certified women business enterprises in 2019, an increase of $12.4 billion from the prior year. In 2019, MGM Resorts spent $213.1 millionwith certified diverse-owned business enterprise, with nearly $79.9 millionspent on women-owned businesses.
“WBENC’s Top Corporations set the standard for choosing to integrate policies and programs across their organization that enable the growth and development of women owned businesses. These Top Corporations are valued partners in our commitment to women’s business development,” said Pamela Prince-Eason, President and CEO of WBENC.
The Top Corporations WBENC Model reviews each applicant holistically on the fundamental concepts of procurement, including program management, supplier management, and supplier development, which entails providing access to supplier resources and a business case for supplier diversity.
“Entrepreneurship and business ownership fuel economic growth and employment across the United States and around the world. At MGM Resorts we are committed to ensuring that our businesses within the communities in which we operate are diverse and sustainable,” said Jyoti Chopra, Senior Vice President, Chief Diversity & Sustainability Officer for MGM Resorts International. “We are proud to support women-owned businesses as they continue to be a vital part of the supply chain and ecosystem in their communities.”
The Supplier Diversity program is part of MGM Resorts’ larger company diversity and inclusion initiative that has been recognized by leading diversity publications including DiversityInc and Black Enterprise. Since 2003 MGM Resorts has required minority and women participation in all biddable commodity purchases exceeding $3,000.