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Showing posts with the label 3rd Annual Mortgage Industry Emerging Markets and Diversity Conference

Obama Administration releases Diversity Plan

The plan seeks to implement Executive Order 13583 establishing a coordinated, government-wide initiative to promote diversity within the Federal government. The Executive order "directs departments and agencies to develop and implement a more comprehensive focus on diversity." The Plan focuses on:

Workforce Diversity
Workplace Inclusion
Sustainability
Much of the initiative is concerned with metrics, that is, developing and collecting appropriate statistics to measure diversity and how well the Government is meeting it's goal to become more so. Another focal point appears to be outreach. Other key steps include leadership development and mentoring.
These are all tried and true methods. While there is nothing earth shattering in the Report and Plan, we find it a welcome alternative to the eight years that the previous Administration spent talking about diversity without ever once offering a plan for the Federal Government to become more so. See: http://www.opm.gov/diversityand…

Why Does the Fed Have So Little Supplier Diversity?

Interview on DiversityInc.com website by Barbara Frankel on Jul 12, 2011 concerning our FOIA request:

We submitted a FOIA to the Fed, a Freedom of Information Act request, a formal request of a federal government agency for information. We asked for information on "minority" business contracting. How much money did the Fed spend with women firms (WBEs), minority firms (MBEs) and others? We were really looking for information on their spending patterns or their support of minority-owned banks. We were basically trying to (expand and) complete the data set concerning their support for foreign banks, foreign corporations, domestic corporations..related to the financial crisis.

What we found was that the Fed has not spent a lot of money with women- and minority-owned firms. In response to our Freedom of Information Act request, the Federal Reserve Board provided data on contract awards for the year 2010, broken out by ethnic and by gender designations. We found that, for example, …

"Bill Pushes Diversity Among Senior (Government) Executives"

According to the Washington Post,

"Legislation to promote diversity in the government's career executive ranks was introduced yesterday by the chairmen of the House and Senate federal workplace subcommittees.
Rep. Danny K. Davis (D-Ill.) and Sen. Daniel K. Akaka (D-Hawaii) said their bill would address the lack of diversity in the Senior Executive Service, the group of about 6,300 career executives who manage the day-to-day operations of the government.

The bill would establish a Senior Executive Service program office in the Office of Personnel Management. The proposed office would collect and maintain data on the race, ethnicity, gender and any disabilities of people who have been certified as qualified to serve in the SES.

The bill also would require federal agencies to establish SES evaluation panels to review the qualifications of applicants for SES jobs. Each panel would have three members. One must be a woman and one other a member of a racial or ethnic minority group.

'…

Emerging Markets & Diversity Conferences

Two conferences on Diversity highlight the growing recognition of market opportunities in this sector.

The first is the 3rd Annual Mortgage Industry Emerging Markets and Diversity Conference. This is being billed as an opportunity to compete for origination opportunities and to preserve communities. It will be interesting to see if they mention recent reports noting racial bias in subprime mortgage lending.

The second is the 14th Annual Ethnic and Multicultural Marketing Omnibus. November 1 - 2, 2007 in Chicago. We (Creative Investment Research, Inc.) are a media sponsor for this event, billed as an opportunity to

"join a star team of Fortune 1000 clients and trail-blazers in multicultural marketing on the most successful ways of engaging the still growing and booming Multicultural Economy in the United States. One fifth of the nearly $10 Trillion in total U.S. buying power will come from the diverse multicultural segments. Learn how your brands can get a lion’s share of this…