As we have observed on many occasions, this is a win-win on both sides of the ledger. This widens the pool of quality and price competition for Company buyers, and may give us access to unique products not readily available elsewhere. For diverse-owned suppliers, contractors and professional service providers, participation in our supply and services chain enhances their skills, expertise and resume; builds their capacity and capital; and enables them to invest in their often diverse communities.
We are proud to have spent a cumulative total of more than $3 billion with diverse-owned suppliers, contractors and service providers since the start of our supplier and construction diversity program in 2001.
Our dedicated Supplier Diversity Team, a branch of our Global Procurement Department, continually seeks qualified, competitive diverse businesses as potential business partners. The same is true of our construction teams, whether the project at hand is new building from the ground up or renovation of existing facilities.
We engage with many diverse professional and trade associations, leading among them the National Minority Supplier Development Council (NMSDC). National Association of Minority Contractors (NAMC). Women's Business Enterprise National Council (WBENC), National Association of Women Business Owners, and National Center for American Indian Economic Development.