Tag: People of color own nearly half of California businesses but get only 3% of contracts

New report: Major California insurers do almost no business with firms...

In the most diverse state in America, the 10 largest insurers do shockingly little business with suppliers owned by people of color, according to a new report released March 13 by The Greenlining Institute. Insurers buy huge amounts of goods and services in California – over $23 billion in 2014 alone – but the largest firms did barely over 3 percent of their contracting with businesses owned by people of color.

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