University of Virginia Boosts Business With Minority-Owned Firms

The University of Virginia reports it has achieved significant success in increasing contracting to minority-owned firms. The university’s Supplier Diversity Program was announced five years ago. At that time the university had contracts worth about $3 million with firms owned by women and minorities. In 2010, the university spent about $20 million with such firms. A large part of the increase has been with minority-owned construction firms.