| Xerox Among 10 'Best Corporations for Veteran-Owned Businesses
Veterans Business Journal magazine has named Xerox Corporation to its second annual "Best Corporations for Veteran-Owned Businesses" list.
According to the magazine, corporate supplier diversity policies have included women- and minority-owned firms for decades, "but adding veteran-owned businesses is a more recent phenomenon. The initial stimulus for the increased spending with veteran-owned firms was the 1999 enactment of the Veterans Entrepreneurship Act. It mandates the government and its prime contractors to spend 3 percent of total available contract dollars, or about $8 billion per year, with suppliers owned by veterans with service-connected disabilities."
Xerox spent more than $20 million with veteran suppliers in 2005. The other companies on the alphabetical list are AT&T, Booz Allen Hamilton, Lockheed Martin, Northrop Grumman, Pepco Holdings, SAIC, Sprint Nextel, Unisys and Volvo Trucks NA / Mac Truck.
Veterans Business Journal serves the needs of the nation's 4 million veteran-owned businesses. Its "Top 10" list, found at www.vbjonline.net/top10 , was determined from surveys, interviews and research of Fortune 1000 companies. The list is predominantly a quantitative measure of a company's efforts and success in using veteran-owned suppliers.
Xerox has long served as a top vendor to provide government and federal organizations with document technology, services and support. Xerox digital printing presses, multifunction systems and copiers are used everywhere from air bases to submarines to aircraft carriers to help military branches achieve their communications objectives. The company has earned billions in technology and services contracts over the years. And Xerox consistently works to be leading the way in meeting or exceeding technology requirements such as Section 508, which requires that electronic and information technology used by the federal government be accessible to individuals with disabilities; achieving Common Criteria Certification, which addresses information security requirements; and Xerox was a charter partner in the EPA's Energy Star program, designed to ensure products are energy-efficient. All eligible Xerox products introduced in 2005 met Energy Star criteria.
For more information on Xerox and supplier diversity, visit www.xerox.com/supplierdiversity .
5/06 |
