MINORITY BUSINESS DEVELOPMENT

As part of the North American Stamping Group’s commitment to support our communities and customers minority business development objectives, we develop plans and goals as part of our strategic plan. It is our desire to work with and develop certified minority suppliers. We will allocate a portion of our controlled spending to these certified suppliers.
 
The suppliers must be listed on the following minority associates member lists or be able to provide proof of compliance with a minority certification certificate or evidence that they are majority owned and managed by a qualified visible minority. The approved associations are WBENC (Women’s Business Enterprise National Council), NMSDC (National Minority Development Council) and CAMSC (Canadian, Aboriginal & Minority Council).
 
NASG will join the WBENC for resources, training and guidance. Furthermore we will endeavor to develop a minimum of one division as a minority owned business. The company Chairperson will be the champion of this effort both operationally and strategically.
 
Our goal is to establish a minority supplier base in calendar 2012. Once the supply base is established with approved suppliers, we will set a minimum buy volume with planned growth targets for 2013, 2014 and 2015. Our progress to plan will be reported and monitored at the Annual Board of Directors meetings.