The University of Washington Minority Business of the Year Awards recognize Washington’s largest and fastest growing minority-owned businesses at an awards dinner which draws more than 550 people annually. Cosponsored by the Business & Economic Development Center, the Puget Sound Business Journal and leaders in Washington’s corporate community, the awards dinner spotlights the year-round activities that support the growth of minority-owned businesses in Washington and build the next generation of business leaders. Proceeds from the event fund scholarships for under-represented minority students at the University of Washington Foster School of Business and support the mission of the Business and Economic Development Center.
The Business and Economic Development Center (BEDC) links students, faculty, and alumni from the University of Washington Foster School of Business with a racially and ethnically diverse business and nonprofit community to expand students’ knowledge and skills, help small businesses grow, create and retain jobs, open educational opportunities for under represented minority students, and stimulate innovative economic development research.
Since its establishment in 1995 the BEDC has:
- Created and retained over 5,000 jobs
- Generated more than $85 million in new revenues
- Helped grow the combined revenues of Washington’s Top 50 minority businesses from $1 to $3 billion.