Opportunities for local and regional businesses
Progress Energy is committed to the development, utilization and growth of local and diverse suppliers, including minority-owned, woman-owned, veteran-owned, disabled veteran-owned and HUBZone-located businesses. Our focus on diverse supplier development extends beyond the partnership with more than 600 diverse suppliers in 2011. Using diverse businesses contributes to the economic growth and expansion of the communities we serve and offers these businesses the opportunity to compete on an equal basis with other companies.
Our Supplier Diversity and Business Development mission is to:
Our relationships with key community partners show how the intentional execution of our supplier diversity policy positively affects our diverse business communities. In July 2011, Progress Energy hosted a one-day symposium in Wilmington, N.C., bringing together 14 leaders from local and state diverse business development organizations and local diverse vendors. The event drew more than 80 attendees, including the N.C. Institute of Minority Economic Development; the N.C. Historically Underutilized Business Office; the National Association of Women Business Owners; and the United Minority Contractors of N.C. This forum fostered best-practice discussions among the business development organizations and provided attendee access to business development services.
Diverse suppliers may register to do business with us online at www.progress-energy.com/supplierdiversity.
In 2011, Progress Energy spent more than $1.8 billion on materials and services to operate our business beyond expenditures for fuel and major projects, with approximately $1 billion invested with local suppliers in North Carolina, South Carolina, and Florida. We invested $245 million, or 13 percent, with diverse suppliers. We also grew second-tier spending (spending related to strategic partnering with prime vendors to promote economic development through inclusion of diverse suppliers for subcontracting, development and growth opportunities) by 30 percent.
The Florida Minority Supplier Development Council presented Progress Energy with corporation of the year and buyer of the year awards in 2011.
In 2012, we will continue to develop and promote cross-collaboration with our prime vendors to ensure they use local and diverse companies to execute large contracts that have substantial subcontracting opportunities.
Other Diverse” includes: veteran-owned business concerns,
service-disabled veteran-owned business concerns,
HUBZone business concerns, and 8a business concerns.