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Where Small Business Meets Large

A new service will allow small business suppliers to connect with larger corporations.

A new collaboration between small businesses and large corporations will bridge the gap between the two forces, and is expected to increase job growth.

Supplier Connection is a service that helps small businesses access private sector supply chains, the Small Business Administration announced last week. Created by the IBM Foundation, it is a response to the Obama Administration’s American Supplier Initiative to connect small business innovation with large corporate revenue.

“While it is clear that becoming a corporate supplier can lead to business growth, breaking in can be a challenge for small businesses,” says Karen Mills, administrator at the SBA. “The Supplier Connection will be one tool to help small businesses connect with corporate buyers. Tools like this help to ensure that more small businesses are part of commercial supply chains, which adds additional revenue streams.”

The effort is intended to result in job growth, she says.

Mills sent letters to the more than 50,000 small businesses currently participating in small business federal procurement programs, informing them about the opportunity. These businesses can use Supplier Connection to inform large private sector companies about their products and services.

Initially, the large companies participating include: AMD, AT&T, Bank of America, Caterpillar, Citi Group, Dell, Facebook, IBM, JP Morgan Chase, John Deere, Kellogg’s, Office Depot, Pfizer, UPS and Wells Fargo. These 15 companies have a combined purchasing power of $300 billion and will now have full access to the profiles of small businesses that have registered for Supplier Connection.

To see if your business qualifies, visit Supplier Connection’s FAQ page.

About the author

Sarah Brown
Sarah Brown is a freelance writer who writes about e-commerce and small businesses. She recently graduated from Chico State with a journalism degree and is also a budding online entrepreneur, having launched two Web businesses and her own line of handmade products. Opinions expressed here may not be shared by The Online Seller and/or its principals.

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