MBN USA

May 30, 2025

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Partnership to help strengthen corporate supply chains and build long-term economic resilience for MBEs

NMSDC and The Latino Coalition (TLC), signed a strategic partnership alliance agreement on May 7 aimed at increasing MBE’s economic growth.

The goal of this MOU is to collaborate through events, data collaboration and corporate relationships focused on industries that facilitate businesses with capacity to be a corporate supplier both domestically and internationally.

According to the memorandum of understanding signed by both organizations, NMSDC and TLC agreed to engage in the following activities:

• ADVOCATE for the common economic interests of TLC and NMSDC members that will allow for the two organizations to address and promote governmental policies related to business and economic growth.
• COLLABORATE by forming a strategic partnership to promote MBEs and Corporate partners both domestically and internationally by fostering innovative approaches to address business growth in the global marketplace as a united front.
• GROW NMSDC certified MBEs and TLC members to create and grow intergenerational wealth in the underserved communities.
• FACILITATE joint events, programs, seminars, workshops, meetings, and discussions to create opportunities for commerce-driven activity.
• ENGAGE the diverse memberships of both organizations, while opening doors with both public and private companies and governmental institutions for both members.
• SHARE best practices, knowledge, and experiences necessary to advance each organization’s mission, vision, purpose, and motto to help achieve this strategic relationship’s goals and objectives amongst respective members, clients, program participants, key stakeholders and other strategic partners affiliated with this coalition.

“Our partnership with The Latino Coalition underscores the importance of tapping into the fastest-growing communities and businesses to strengthen corporate supply chains and build long-term economic resilience,” said Ying McGuire, CEO and President of NMSDC. “Empowering minority business enterprises is essential for the continued strength and success of the American economy.”

“This agreement reflects our shared commitment to expanding opportunity and empowering minority-owned businesses through the principles of free enterprise,” said Carlos F. Orta, President & CEO of The Latino Coalition. “We are proud to partner with NMSDC to support entrepreneurship, strengthen our business communities, and advance lasting economic growth.”

This agreement is a part of NMSDC’s continued effort to build a strong network of advocates for the communities it serves as it accelerates MBE growth on its march to $1 trillion in annual revenue for NMSDC-certified MBEs.

About TLC

The Latino Coalition (TLC) is the leading advocacy and membership organization for U.S. Hispanic businesses. They are a pro-free-market, bipartisan, national Hispanic business association with the goal of ensuring every Hispanic American who wants to start and grow a business has the opportunity and the right economic environment to do so. Learn more at The Latino Coalition.