Schnuck Markets, Inc., in partnership with Mid-States Minority Supplier Development Council, is launching Schnucks Springboard, a diverse-owned business accelerator to provide education, resources and access to local diverse-owned businesses.
To apply, business owners should visit schnucks.com/springboard prior to May 12, 2024. Those accepted into the accelerator program will receive an in-store product trial at select Schnucks stores, $5,000 of equity-free funding and business development classes at Schnucks’ St. Louis headquarters.
“Schnucks Springboard is our effort to reflect the communities we serve, to promote opportunity and innovation and to stimulate our economy,” said Adrian Moore, Schnucks senior director of merchandising enablement and supplier diversity.
“We are not only strengthening both our business and our communities, we are also enhancing product offerings for our customers and bolstering our ability to do business in an ever-changing environment.”
Mid-States Minority Supplier Development Council cultivates relationships between Minority Business Enterprises (MBE) and corporations across eastern Missouri, central Illinois and Indiana.
The accelerator programming provides education opportunities, mentorship and empowers emerging leaders to grow and scale their established businesses.
“Minority-owned entities within the Mid-States MSDC network support over 26,000 jobs throughout eastern Missouri. Our partnership with Schnucks will not only create economic opportunities but also build a legacy of success that extends beyond business transactions,” said Demetrius Glover, Mid-States MSDC president and CEO.
In 2020, Schnucks launched a comprehensive diversity, equity and inclusion plan, Unity Is Power, which describes efforts to increase focused, community support for organizations that promote racial equity including the Urban League of Metropolitan St. Louis.
