NMSDC to unveil new minority business economic data at Los Angeles conference

The National Minority Supplier Development Council will host a press conference in Los Angeles on Oct. 26 to release a new report on the economic impact of minority business enterprises. The findings will focus on how minority-owned firms affect jobs, innovation and opportunity locally and nationwide.

Why it matters: - The new NMSDC report is designed to quantify how minority business enterprises are shaping jobs, innovation and economic opportunity in Los Angeles and across the U.S. - The release comes as thousands of business leaders gather in Los Angeles for the 2026 NMSDC Annual Conference & Exchange, a major meeting for corporate procurement leaders, suppliers and supplier diversity professionals.

What happened: - The National Minority Supplier Development Council will host a press conference led by President and CEO Don Cravins, Jr. to unveil "American Marketplace at 250: The State of Minority Business in America." - The press conference is scheduled for Monday, Oct. 26, 2026, from 12:30 p.m. to 1 p.m. PT. - The event will take place at the Los Angeles Convention Center, 1201 South Figueroa Street, Los Angeles, Calif. - Media can attend a 15-minute Q&A after Cravins' remarks. - Media should RSVP at press@nmsdc.org for confirmation and additional event details.

The details: - The report frames minority business enterprises as a growing driver of U.S. economic growth. - The findings highlight the local impact of MBEs in cities like Los Angeles and their national reach across the United States. - NMSDC identified the press conference as part of the broader conference week agenda. - Press contact: Al Betancourt, NMSDC Public Relations, al.betancourt@nmsdc.org, 571-405-4288. - Additional contact listed: Drew Schneider, National Minority Supplier Development Council, +1 212-944-2430 ext. 117.

Between the lines: - The timing suggests NMSDC wants to use its annual conference to amplify policy and business attention around minority-owned firms. - The report title signals a broader economic framing, tying minority business performance to the country's long-term market story.

What's next: - NMSDC is expected to present the report publicly during the press conference and field media questions afterward. - The organization will share event details with confirmed media attendees after RSVP. - The report could shape how corporate buyers, suppliers and diversity programs assess the role of MBEs going forward.