Division of Financial Affairs
Procurement and Payment Services
Procurement and Payment Services guides and supports Cornell’s ongoing commitment to encourage business opportunities and diversity among its vendors by promoting minority business development as a shared responsibility throughout the university. Through this effort, we open doors in university departments and increase awareness of minority suppliers. We work to create opportunities for minority-, women-, veteran-, and LGBTQ-owned business through goods purchased.
"Cultivate partnerships with the widest spectrum of off-campus entities and include a fully diverse range of off-campus participants in Cornell's events, contracts, services, and initiatives." University Diversity Council, March 2012
The goal of the Supplier Diversity program is to provide a resource that will assist the university community in locating and establishing relationships with small and disadvantaged businesses and to assure compliance with applicable federal regulations for sponsored fund reporting.
Cornell University's departments should plan purchases in a manner that encourages participation by these business concerns and allowing sufficient time for these types of business enterprises to submit bids.
Annual Spend with Diverse Suppliers
| Business Classification | FY 2014 Spend | FY 2015 Spend | FY 2016 Spend | FY 2017 Spend | FY 2018 Spend |
|---|---|---|---|---|---|
| Minority-owned | $7,510,442 | $7,744,492 | $6,592,504 | $6,579,697 | $6,367,815 |
| Veteran-owned | $4,021,674 | $4,206,557 | $4,234,967 | $4,225,779 | $4,741,899 |
| Women-owned | $25,378,174 | $27,185,488 | $27,175,746 | $30,888,263 | $33,127,280 |
| LGBTQ-owned | $223,096 | $177,924 | $323,822 | $566,006 | $698,414 |
| Total Diverse Spend* | $37,133,387 | $39,314,462 | $38,327,039 | $42,259,746 | $44,935,408 |
| Total Diversity Spend without Duplication | $30,715,753 | $32,613,043 | $32,284,285 | $36,947,085 | $39,418,808 |
*The total diversity spend allows for spend to be duplicated for vendors who have multiple diversity types. A supplier can appear in more than one SBA classification (e.g., woman and veteran owned).
