The
following was adapted from the February issue of Online
Vanguard, an organ of the Minority Business Enterprise
Legal Defense and Education Fund Inc., founded in 1980 by former
Congressman Parren J. Mitchell.
MBELDEF
has obtained from the United States Government a report dated
October 30,
2002 that reveals that the NEC-Mitsubishi Corporation is laughing
at you while simultaneously raising its middle digit in your
direction. As you should know, Public Law 95-507, monumental
legislation introduced and sponsored by our founder, required
that any contractor that does business with the federal government (with
value in excess of $500,000 or $1 million for construction contracts)
must engage in business with minority and women owned businesses
to the maximum practicable extent. Such businesses must submit
to the federal government a subcontracting plan outlining how
it plans to do business with minority and women owned businesses;
within such a plan they must state their subcontracting goals
for doing business with Minority and Women Business Enterprises
(MWBEs).
NEC-Mitsubishi’s cumulative
fiscal year subcontract awards involving small business concerns
and large business concerns amounted to $78,863,654.00. Of that
amount, only $1,500 went to minority businesses. (No,
this is not a typo.)
How
many minorities purchase NEC Mitsubishi products? Wait. There
is more.
The
NAACP publishes a fine series of “report cards” as a part of its Economic Reciprocity
Initiative. Its report card on the automotive industry reveals
that Mitsubishi Motors North America, Inc received its second
lowest evaluation (D). The rating considered African American
employment, expenditures with African American advertising and
marketing firms, African American suppliers and vendors, African
American dealerships, and charitable donations to African American
causes.
Also, let us not forget
the gender harassment allegations that occurred in the 90s.
Within
the city of Detroit, General Motors is king. It is a part of the community in which
it lives, so much so that it filed an amicus brief supporting
minority admissions in the University of Michigan case decided
last year. General Motors deserves the business that it gets
from the African American community.
MBELDEF
calls upon everyone within our “voice” to share any anecdotal evidence of unfairness
by NEC-Mitsubishi. How much longer will you permit this bully
to spit in your eye?
The Battle for
Justice in the Marketplace
Since
it was founded in 1980, MBELDEF has been a singular voice in
the “wilderness” proclaiming
that economic justice within the marketplace is the final frontier
of the struggle for civil rights within this country. MBELDEF’s
website, www.mbeldef.org outlines the
extent of our activities to advocate for, litigate on behalf
of, and educate our members about justice for minority businesses. Like
our founder, former Maryland Congressman Parren J. Mitchell,
MBELDEF remains standing as the “last angry man” within the universe
of minority business development.
Over
the years, MBELDEF has watched the economic landscape as it
has been reshaped by
changes in corporate competitive strategy. During the last decade,
consolidation in the form of mergers and acquisitions has changed
the structure of most industries. Where industries were once
highly competitive, they are now oligopolistic. Minimum competition
exists. MBELDEF is concerned about the manner in which minority
businesses should respond to this development, especially since
most minority businesses have not adjusted to this shift in economic
philosophy.
The
Journal of Mergers and Acquisitions points out that over 15,000
mergers and acquisitions
have occurred in this country alone over a four-year period;
however, it appears that less than .1% of these mergers involved
minority businesses. The mission is clear. In order to keep
pace with this economic evolution, minority businesses must learn
how to “play” within this arena. Accordingly, MBELDEF R&D
has been formed.
MBELDEF
R&D intends
to help increase the number, size, and viability of minority
firms through the acquisition process. In order to accomplish
this, several deliberate and systematic techniques will be employed. They
will include but will not be limited to faculty training and
development, case study development, training, enhancing relationships
with HBCUs, marketing, financing, and networking.
You
will hear more about MBELDEF R&D in the immediate future. In the meantime, do
not permit yourself to be limited within the paradigms of a past
age. Be prepared to march with us.
MBELDEF is a national,
non-profit, public interest law firm whose activities are intended
to achieve equity and fairness in the marketplace. Its current
President is Anthony W. Robinson. Contact: [email protected]