Supplier Diversity Program

Business Case

Valuing and creating diversity among our subcontractors, suppliers, and consultants is driven by two key business needs. The first need is to meet our responsibility of giving back to the community. The second is to comply with various federal, state, and local laws.

Mission Statement

Welsbach Electric is committed to diversity business practices that ensure minority, women, and disadvantaged business enterprises (M/W/DBE) participate in an open, fair and inclusive environment. We believe that expanding our qualified M/W/DBE database and sharing diversity best practices not only makes good business sense but is also the right way to build stronger business communities.

M/W/DBE Policy Statement

It is the policy of Welsbach Electric Corp., through its M/W/DBE program to increase the business opportunities for certified minority businesses. Our commitment is to maximize certified minority business participation through the development of mutually beneficial business relationships with these firms. The policy guides sourcing activities throughout the entire organization.

We support and encourage companywide participation in seeking out and taking the steps necessary to assure that these businesses have a fair opportunity to participate in available business. The use of M/W/DBE enterprises must be a function of our normal policy and procedures, just as equal employment opportunity must be an integral part of normal personnel policy and procedures.

M/W/DBE Diversity Program Goals

Welsbach Electric is committed to M/W/DBE. To achieve this primary goal we will implement a comprehensive M/W/DBE program that enables us to identify qualified M/W/DBE candidates, and regularly monitors and reports our performance relative to those goals.