Being a good partner with our communities also means spending dollars to support the local economy and businesses. We increased our supplier diversity spending by 48 percent from 2013 through 2017. As we strive to be more inclusive, we seek out competitive and qualified small, local and diverse businesses to participate in the supply of materials, equipment and services we need to operate. We work with advocacy groups to identify and encourage small, local and diverse businesses to participate in our procurement processes.
The Dominion Energy Supplier Diversity Program uses the following six diversity classifications:
- Minority-owned businesses
- Woman-owned businesses
- Veteran-owned businesses
- Service-disabled-veteran-owned businesses
- HUBZone businesses (those located in Historically Underutilized Business Zones, which are designated by the U.S. Small Business Administration)
- Small Disadvantaged businesses
We hold matchmaking events that pair local businesses with our own employees to discuss supplier capabilities and upcoming opportunities. In 2017, we hosted construction-services and information-technology events in Richmond, Virginia, where 22 diverse suppliers met about 40 Dominion Energy employees representing the business units and supply-chain management.
In 2018, we hosted a gas infrastructure matchmaking event in Bridgeport, West Virginia. Diverse suppliers met with our employees to pitch their services and learn about potential opportunities. We conducted another gas infrastructure diversity fair event in Salt Lake City, Utah, where diverse suppliers networked and learned about doing business with the company. While in Utah, we also hosted a lunch with numerous advocacy organizations, including several chambers of commerce, to foster ongoing relationships. For all of our events, we used our advocacy group relationships to help identify small, local and diverse attendees. We are planning an outreach event in Richmond, Virginia this fall.
We continue to partner with government agencies, minority business groups and advocacy organizations across our service territory to develop diverse supplier sourcing opportunities.
Groups we work with include:
- Women Presidents’ Educational Organization
- Virginia Asian Chamber of Commerce
- The Metropolitan Business League
- Carolinas-Virginia Minority Supplier Development Council
- Maryland Washington Minority Contractor’s Association
- Ohio Minority Supplier Development Council
- Ohio River Valley Women’s Business Council
We are working to expand and develop advocacy relationships across our service territory and to partner with organizations to help fulfill our commitment to small, local, and diverse businesses. These partnerships translate into economic growth and increased employment opportunities in the communities we serve.