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Services: Industrial Buyers Consortium (IBC)


Bearing Headquarters can provide Minority Spend credit to help companies with initiatives and strategies to support minority business enterprise (MBE) companies and minority communities as a whole.

Minority Spend programs to support MBE are important in many industries. The Federal government requires contractors to subcontract with minority businesses. State and local governments often have similar requirements. By the year 2050 one third of the United States' population will be comprised of minorities - and companies in many industries have embraced this fact and have developed marketing strategies to support minority communities.

BHQ has an alliance with Industrial Buyers Consortium (IBC) to enable each BHQ customer to capture minority credit. IBC's unique business offering provides value on many levels. As a premier contract management company, the value to the end users stretches far beyond minority credits. Purchasing power, technology platforms and targeted cost-savings initiatives helps BHQ and IBC win and maintain long-term contracts.

IBC is a minority-owned business certified by the Connecticut division of the National Minority Supplier Development Council (NMSDC). IBC meets NMSDC criteria as a Hispanic and veteran owned company. IBC is one of the few minority owned organizations with a footprint covering industrial MRO throughout North America.