Why BCC?

Why BCC?

The Business Contracting Consortium (BCC) is a network of African American entrepreneurs collectively working to encourage more collaboration within the public and the private sectors. Our aim is to gain greater access to underutilized and untapped markets to create a more accessible capital pool for African American businesses. In short, we are working together to create and expose more business opportunities for African American businesses while identifying my funds to help the operate.
In order for this to take place, the public and private sectors must take steps to do three things:

  • Mobilize financial and human resources in Memphis.
  • Identify qualified African American businesses that can fulfill the needs of Memphis.
  • Engage those businesses to enable Memphis to prosper.

The economy of Memphis lags far behind cities of equal size. Those cities continue to expand their financial lead and will continue to do so if we do not demand and create more opportunities for African American businesses. 
All too often, the African American-owned businesses located in Memphis are not given the opportunity to participate in many critical financial transitions affecting this area. Major multi-million dollar contracts are awarded to out of state companies and talent is utilized from other areas when there is local talent and local companies that are fully capable of doing the work. Those companies then take those dollars back to their respective communities and spend them there. This unpublicized “boycott” of the African American community and its businesses permanently dooms the prosperity of metropolitan Memphis.
The BCC believes that access is the key.

  • African American businesses must have complete access to the market. This includes all markets ─ public and private.  Public markets, because that is their right as citizens. Private markets, because without this access Memphis’s growth will be stymied.
  • African American businesses must have access to capital. The life blood of a progressive business is capital. It is essential if the access to markets is to be fully realized. Businesses cannot operate without the adequate funding to do so. As long as African American businesses are denied loans, lines of credit and other means to gain capital, Memphis will continue to be excluded from growth and prosperity.

The BCC believes that the remedy for Memphis’s ailing economy is for the public and private sectors to immediately award contracts to more African American businesses. Dozens of businesses are ready, willing and able to do the work. They just need the invitation and opportunity to do so.  We have discovered a myriad of unnecessary rules, restrictions and agencies that exist specifically to defeat the inclusion of African American businesses. Public and private purchasers must tear down these barriers that often restrict African American businesses from the selection process.
Great cities seek and achieve equality of opportunity and participation.
Memphis does not currently have an agency devoted to promoting the full participation of African American businesses in all public and private contracts. The BCC is designed to fill this void through research, documentation, education and advocacy.  Through this method, public and private purchasers will understand that the road to area-wide prosperity must travel through the African American community and its businesses. As African American businesses grow, the total economy grows. Our argument for this is not merely about fairness and inclusion but survival. The demise of the minority business is the demise of Memphis. This is also true of Caucasian businesses. Our economy cannot thrive without both. Decision makers must acknowledge that the two are inextricably bound. Yet, our Caucasian counterparts don’t seem to have as much of a problem being awarded those coveted contracts.

The BCC comes equipped with over 2,000 years of cumulative business experience within its charter members alone. These members and hundreds more are the essence of our collective future.