• 14-SEP-2010

Large Corporations Aim To Boost Economy With New Supplier Program

A consortium of large businesses in a variety of industries today announced a new way for small businesses to compete with greater ease to sell goods and services to global companies, potentially leading to the creation of new jobs and economic growth. AT&T (NYSE: T), Bank of America (NYSE: BAC), Citigroup (NYSE: C), IBM (NYSE: IBM), Pfizer (NYSE: PFE), and UPS (NYSE: UPS) have agreed to standardize and simplify the application process required for qualified small and mid-sized U.S. suppliers to undergo, as they compete for more than $100 billion in contracts collectively awarded by those companies every year. To facilitate this, the participating companies will establish a free, public Web site, created and maintained by IBM through a grant of more than $10 million from the IBM International Foundation. The site, to be named "Supplier Connection" (www.supplier-connection.net), will provide visitors with a single, streamlined electronic application form. Small vendors need only complete the application form once to potentially become suppliers to the participating companies. This video provides three perspectives on the opportunity that Supplier Connection will create for small businesses, large corporations, and the U.S. economy as a whole. The perspectives are provided by Stanley Litow, IBM's VP of Corporate Citizenship & Corporate Affairs, Jonathan Bowles, Director of the Center for an Urban Future, and Amanda Neville, Partner at Thinkso Creative, a small business located in New York. Available video includes a video news release and b-roll.