$449 million invested with small, diverse businesses in 2020 contributes $854 million to Illinois GDP
NAPERVILLE, Ill., March 31, 2022 /PRNewswire/ — Nicor Gas spent $449 million with small and diverse businesses in 2020, according to the company’s Supplier Diversity Economic Impact Report. The economic impact of the company’s purchases from diverse businesses in 2020 contributed $854 million to the gross domestic product in Illinois.
These investments in women-, minority- and veteran-owned businesses supported job growth throughout the supply chain and paid a total of $165 million in employee wages and supported more than 2,804 jobs in 2020.
“At Nicor Gas, supplier diversity isn’t just a program or initiative, but is a strategic business imperative,” said John O. Hudson III, president and CEO of Nicor Gas. “We have intentionally built and developed relationships with diverse business partners that bring innovation, quality and overall competitive value to our company, our customers and our communities.”
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