The Business Case For Diversity

December, 2014

Business 2 Community

By John Hope Bryant | Business 2 Community – 4 hours ago

After speaking at the Mortgage Bankers Association inaugural Diversity Conference in Washington, DC, it became obvious that the business community generally uses the wrong lens when thinking through the issue of diversity in America.

Commendations to the MBA for holding this conference, and focusing their lens properly. But it did make me wonder: How many other prominent businesses and business organizations see diversity as a straight-ahead business issue?

Freedom To Do Business Supports Diversity

America is the largest economy in the world, and it also happens to be the most diverse place on the planet. Every race can be found here in the United States. And why do they come? According to one of my Pakistani drivers in DC:  freedom.

When I then asked him why he ran a small-business car service, as it would never make him rich (though he could make a very good living at around $90k per year), his answer was equally quick in response: freedom.

So let’s dig a little deeper on what freedom means to the American business objective called prosperity.

The largest economy in the world is also the most ethnically diverse.

The two largest economies in the US — California and New York — are also the two most diverse states in the US.

The city of Los Angeles is one of the top 15 economies in the world, and one of the world’s most diverse cities, with more than 140 different ethnic groups calling Los Angeles home.


Posted by Natasha Eldridge, Office of the Chairman

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