The Latino Business Action Network will accept applications to the new program until June 29
PALO ALTO, Calif., June 25, 2022 — The Latino Business Action Network (LBAN), is presenting to
its 900-plus alumni network a new offering, its Supplier Diversity Advancement Program.
Available exclusively to qualified alumni of LBAN’s Stanford Latino Entrepreneur Initiative (SLEI)
education program, the new offering is yet another key component to helping Latino/Latina
business owners be successful on their scaling journeys.
The Supplier Diversity Advancement Program focuses on general procurement education,
hands-on training, and a due diligence assessment. Applicants will have the opportunity to
enrich their understanding of the procurement process through curriculum centered around
marketing/branding, sales and contract due diligence. The program will culminate with a
focused introduction to LBAN’s corporate partners who champion supplier diversity and
minority-owned businesses.
This immersive program is open to established businesses with $1 million or more in gross
annual revenue, are certified minority enterprises, and are well positioned to engage with
corporations. Participants must also be alumni of LBAN’s Stanford Latino Entrepreneur Initiative
(SLEI) business-scaling education program, a partnership between LBAN and the Stanford
University Graduate School of Business.
“Access to corporate relationships is crucial for Latino businesses,” added Arturo Cazares, CEO,
LBAN. “The Supplier Diversity Advancement Program is a unique opportunity for qualified
Latino businesses to learn what it takes to do business with companies like Nike, Apple, REI,
Wells Fargo and Bank of America.” Additionally, Cazares noted, LBAN’s Supplier Diversity
Advancement has benefits for its corporate partners as well, providing access to the top three
percent of Latino-owned businesses, schedule one-on-one meetings with dynamic
organizations and achieve their corporate supplier diversity goals.
Companies interested in participating in LBAN’s Supplier Diversity Advancement program must
apply by June 29. Further details of the program are available at LINK.
About LBAN
LBAN is a dynamic nonprofit based in Silicon Valley with a big mission to strengthen the U.S.
economy by empowering Latino entrepreneurship across the country. We partner with
Stanford University through the jointly supported Stanford Latino Entrepreneurship Initiative
(SLEI). In addition to driving SLEI-Research, SLEI-Education Business Scaling Program, LBAN
focuses on building a national ecosystem for Latino business owners.