For Tri-State minority and women business owners, Toyota’s announcement Monday that it will vacate its Erlanger operation means more than losing a Fortune 500 headquarters.
It means losing a local leader in supplier diversity efforts.
“They’re considered a national leader in reference to supplier diversity and the minority community,” said Crystal German, vice president of the Minority Business Accelerator and Economic Inclusion at the Cincinnati USA Regional Chamber.
“I don’t see that changing,” she said. “But for our local minority companies, it has been wonderful to have that direct access to the decision-makers and the supplier diversity professionals who were located right here.”
Toyota is one of just three local companies that are members in the Billion Dollar Roundtable, an organization created to recognize corporations that have spent at least $1 billion with companies owned by minorities and women. The other local members are The Kroger Co. and Procter & Gamble Co.
Insiders can read about the other contributions Toyota has made for local supplier diversity efforts and how local business leaders think this move will affect the region's women- and minority-owned firms.