HARTFORD, Conn., May 20 /PRNewswire/ -- United Technologies Corp.
(NYSE: UTX) has been named "2008 Corporation of the Year" by the
Connecticut Minority Supplier Development Council for successfully
increasing procurement opportunities with minority business owners.
UTC has spent more than $1.3 billion with minority suppliers during the
past five years, averaging 18 percent growth year over year.
"UTC is committed to growing our existing suppliers, encouraging
promising new suppliers and ideas, and strengthening a culture that values
diversity and the innovation it brings," said Anand Stanley, UTC director,
supplier development. "Supplier diversity is not a program; it's the way we
do business."
Earlier this year, DiversityBusiness.com honored UTC as one of the top
50 companies for multicultural opportunities.
"UTC consistently performs with excellence in the area of minority
supplier development," said Dr. Fred McKinney, president, Connecticut
Minority Supplier Development Council. "The high level support for the UTC
supplier development program demonstrates the strategic importance of
minority business development."
The Connecticut Minority Supplier Development Council is a non-profit
affiliate of the National Minority Supplier Development Council. Membership
consists of local and national Fortune 500 corporations, government
agencies, universities, financial institutions, associations and
organizations. The organization works to develop minority businesses into
companies that add value to prospective clients.
United Technologies Corp., based in Hartford, Connecticut, is a
diversified company providing high technology products and services to the
building and aerospace industries.
Contact: Tom Downie
(860) 728-7012
http://www.utc.com
SOURCE United Technologies Corp.
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