- Drive awareness, education and training
- Develop supplier diversity strategies
- Identify and expand relationships
- Support diverse and small business growth
- Track performance
- Invest in events and outreach engagements
Supplier Development and Diversity
Diversity makes our business better.
Our program identifies, develops and builds strong relationships with small and diverse businesses.
Want to work with U.S. Bank?
Please complete the supplier registration process through our supplier portal, which will prompt you to provide your company overview, experience and diverse or small business status. While registration doesn’t ensure a preferred supplier status, we will contact you if there’s an opportunity that fits your company’s description.
Diverse businesses
We follow the industry standard definition that a diverse supplier must be at least 51% owned, controlled and managed by an individual or group that includes minority group members, women, veterans, people with disabilities or the LGBTQ+ community.
Small businesses
U.S. Bank recognizes a small business as a business that is privately owned and operated, organized for profit and located in the U.S. or contributing to the U.S. economy. The number of employees and annual revenue that qualify a business as small vary by industry and are set by the U.S. Small Business Administration.
Designations include Small Business Enterprise, Small Disadvantaged Business, Historically Underutilized Business Zones, Women-Owned Small Business, Veteran-Owned Small Business and Service-Disabled Veteran-Owned Small Business. To self-attest your business, go to SAM.gov.
“Through our expanded Supplier Development and Diversity program at U.S. Bank, we are focused on helping our small and diverse businesses grow and develop.”
-
Craig McKenney, Chief Procurement Officer
Program objectives and focus
By doing business with small and diverse suppliers, we're contributing to the growth of companies that in turn help us build the best bank in America.
We’re committed to highlighting small businesses and businesses owned by minorities, women, LGBTQ+ individuals, veterans and people with disabilities through engagement, development, mentorship and contracting opportunities. All employees who purchase goods and services or influence purchasing decisions are responsible for identifying opportunities to engage with diverse suppliers and small businesses.
We value all our partnerships and encourage a shared commitment toward inclusive spending. Our prime suppliers’ commitment to supplier development is what makes our program successful.
Our Tier 2 program offers opportunities for small and diverse suppliers to provide subcontracting services to prime suppliers of U.S. Bank. The program includes reporting, matchmaking opportunities and the inclusion of our Tier 2 suppliers at various events.
U.S. Bank encourages certification for small and diverse suppliers. We've created a certification sponsorship program to help with the financial burden of certification and provide technical expertise throughout the process. We currently partner with national certifying organizations, BIPOC chambers and other state and federal certifying bodies.
If you’re interested in learning more about the program, please reach out to supplier.diversity@usbank.com.
Our national partners
- Women’s Business Enterprise National Council (WBENC)
- National Minority Supplier Development Council (NMSDC)
- National LGBT Chamber of Commerce (NGLCC)
- National Veteran Owned Business Association (NaVOBA)
- Disability:IN
- United States Hispanic Chamber of Commerce (USHCC)
- US Pan Asian American Chamber of Commerce (USPAACC)
- US Black Chamber (USBC)
Our performance
U.S. Bank spend with certified MBE/WBE/SDV/VBE/LGBTBE /DOBE
Year 2023
$719M
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