An important part of our strength Pepco comes from diversity in all that we do - and our Supplier Diversity Program is a great example. Pepco has developed strategic partnerships with diverse suppliers to bring a variety of products and services to our company. Our Supplier Diversity Program is designed to bring the added value of diversity to our procurement process by proactively seeking small, minority-, women- and service disabled veteran-owned enterprises.
Through our Diverse Business Empowerment Program, we are committed to the development, utilization and growth of diversity certified suppliers, including minority-owned, women-owned, veteran-owned, service disabled veteran-owned and LGBT businesses.
Our staff is dedicated to identifying diversity certified suppliers that offer high-quality, cost-competitive goods and services, and matching them with the needs of the company. It is Pepco's goal that minority, women-owned, service disabled veteran-owned and small business concerns shall have the maximum opportunity to participate in contract opportunities.
Pepco's Diverse Business Empowerment Program actively seeks diversity certified suppliers through trade shows and working with business and advocacy groups.
Pepco is an active corporate member of several organizations that are dedicated to fostering minority and women-owned business development, including the Capital Region Minority Supplier Development Council (CRMSDC), the Women Presidents' Educational Organization - DC, and other regional and national organizations.
The 2nd Tier spend consists of payments made from a prime supplier to a diversity certified supplier for the purchase of products or services used directly in support of a contract with Pepco.
Due to the nature of the utility business, many procurement opportunities may limit participation by small businesses. Pepco's 2nd Tier Spend Program increases the opportunities available to diversity certified suppliers in our business and ensures a diversity certified supplier pool across the supply chain. We believe these efforts will stimulate the local economy by creating jobs.
Exelon Supplier Diversity