Northrop Grumman Corporation released its 2014 Corporate Responsibility Report (CRR), a comprehensive publication that highlights the company's ongoing commitment to corporate responsibility including diversity and inclusion; environment sustainability; support for science, technology, engineering and mathematics (STEM) education; supplier diversity and ethics. It is the eighth year the company has published this report.
"Our corporate responsibility and sustainability activities support our social, economic and environmental objectives and are fundamental to everything we do at Northrop Grumman," said Wes Bush, chairman, chief executive officer and president, Northrop Grumman. "Our business approach incorporates sustainability to create long-term value for all our stakeholders. This report describes those efforts and serves as our guide for continuous improvement and sustainable top performance."
The Northrop Grumman CRR is produced consistent with the Global Reporting Initiative (GRI) G4 Sustainability Reporting Guidelines. GRI is a third-party organization that has developed a widely used environmental, social and governance reporting framework. The report is also evaluated by an independent external review panel that provides feedback and advice from a stakeholder perspective. The CRR is available on-line at: http://www.northropgrumman.com/CorporateResponsibility/Pages/Reports.aspx
The California Assembly passed a bill, AB 853, which would tighten regulations that currently allow state-regulated utilities to replace American employees with H-1B visa holders. AB 853 evolved from a California utility’s firing of about 400 qualified IT workers, and forcing them, at the risk of losing their severance, to train their less experienced foreign-born replacements provided by two Indian-based outsourcing companies. The scandal soon gained national media attention, and prompted demands from many in Congress as well as from grassroots activists for more American job protection.
AB 853, by Assembly member Roger Hernandez (D-West Covina), is aimed at IT operations. It requires a utility to utilize “direct employees for any work associated with the design, engineering, and operation of its nuclear, electrical or gas infrastructure, including all computer and information systems, to the extent feasible." Recent amendments require CPUC approval to be conducted within the GRC proceeding if a utility contracts out the work.
Hiscox, a global specialist insurer that provides U.S. small businesses with the simplest way to purchase customized business insurance directly online or over the phone, announced today the U.S. findings of their seventh annual DNA of an Entrepreneur report. Hiscox surveyed over 1,000 small and medium-sized U.S. business owners about the financial pressures, stresses, opportunities and challenges currently faced by entrepreneurs. This year's findings reveal that when compared to the global average, American small businesses lead the world in revenue (72% vs. 65%), profit (68% vs. 61%), and customers (74% vs. 71%).
The gender gap takes a turn. This year, American women outnumbered men 53% to 47% in a U.S. respondent poll. This is a sharp contrast to the picture globally where women make up just 38% of respondents. These businesses are here to stay, the majority of women (72%) in the U.S. are not planning to exit their business within the next five years.
Women entrepreneurs are trending increasingly optimistic year-over-year, with optimism growing from 56% in 2013, to 64% in 2014 and 72% in 2015. This positive outlook comes with good reason, as American women are reporting equal, or in many cases, more growth than their male counterparts.
Legislation introduced by Rep. Nydia M. Velzquez (D-NY) would help small and emerging manufacturers access capital to grow their operations, fuel innovation and, ultimately create new, well-paying jobs. The “Scale Up Manufacturing Investment Company Act”, H.R. 3468, would create a new initiative at the Small Business Administration (SBA), channeling investment capital to small manufacturing firms.
“Small manufacturers face unique challenges in commercializing their products and developing systems to mass produce them,” Velzquez said. “This legislation would create a new option for small companies that are seeking capital to scale up their operations.”
Under the legislation, up to $1 billion a year would be made available by the SBA to private investment companies. Pairing this leverage with private capital, these firms would, in turn, invest in small manufacturers, helping them get through critical, early growth stages of the business cycle, expand their operations and, ultimately, hire more American workers.
A companion measure to the legislation is being sponsored in the Senate by Senator Cory Booker (D-NJ).
The legislation has been referred to the House Committee on Small Business, of which Velzquez is the top Democrat. It is cosponsored by 11 other House Members.
MBE's Business Opportunities resource covers business-related financing, consulting, and programs available for the Supplier Diversity community and M/WBEs. Updated monthly.
MBE's M/WBE Resource Directory is a comprehensive list of resource organizations (including links) that support the Supplier Diversity community and M/WBEs.
Refer to MBE's Acronyms & Terminology list for frequently used acronyms and terminology and an overview of the major organizations supporting the Supplier Diversity community.
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