Black Business Focus Group, LLC Responds to U.S. Department of Commerce Request For Information on Business Diversity Principles
Black Business Focus Group, LLC, a leading advocate for Black-owned businesses, has submitted a comprehensive response to the U.S. Department of Commerce’s Request For Information (RFI) seeking public input on the draft Business Diversity Principles (BDP). These principles aim to shape best practices related to diversity, equity, inclusion, and accessibility (DEIA) in the private sector.
The Department of Commerce has solicited comments from various stakeholders, including private sector employers, workers, subject matter experts, and civil rights advocates, with the goal of refining the Business Diversity Principles and fostering equitable economic growth.
The RFI, open until February 3rd, 2024, emphasizes the importance of DEIA initiatives in line with Executive Orders signed by President Biden, focusing on racial equity and support for underserved communities.
Key Contributions from Black Business Focus Group:
Leadership Advocacy: Black Business Focus Group supports the emphasis on diverse executive leadership, recommending a heightened focus on mentorship and sponsorship programs.
Organizational Strategy: The group highlights the significance of comprehensive assessments and transparent progress updates to ensure accountability in achieving Business Diversity goals.
Workforce Development: Advocating for partnerships with educational institutions, Black Business Focus Group suggests strategies to cultivate a diverse talent pipeline and remove barriers to entry.
Human Resources: Prioritizing internal talent promotion, the group underscores the need for clear communication on career paths, supportive HR policies, and fostering work-life balance.
Business Opportunities: The group calls for the creation of an inclusive supply chain, investment in mentorship programs, and the facilitation of access to capital for entrepreneurs from underserved communities.
Community Investment: Black Business Focus Group stresses the importance of community-focused initiatives, including scholarships, incubator programs, and measurable goals to track success.
Phillip W. Dunn, Founder of Black Business Focus Group, LLC, stated, “Diversity in business is crucial to the longstanding interests of our community. Black Owned Businesses should be given priority when developing initiatives around workplace and marketplace diversity to close opportunity and wealth gaps in the United States.”
Black Business Focus Group, LLC appreciates the opportunity to contribute to the Department of Commerce’s initiative and remains committed to promoting inclusive capitalism and equitable economic growth. Black Business Focus Group, LLC’s comments along with others can be found at the following link – https://www.regulations.gov/docket/DOC-2023-0003/comments
Visit our website www.blackbusinessfocusgroup.com for updates, to log your transactions with Black Owned Businesses and to connect with our vibrant community.
Phillip W. Dunn Founder, Black Business Focus Group
