corporate-wide supplier diversity
In 2019, following our acquisition of Pinnacle Entertainment, we formally established a committee to implement a corporate-wide Supplier Diversity Initiative to coordinate efforts across all properties regardless of jurisdictional requirements, with the goal of developing new opportunities for diversity businesses. This initial effort resulted in us more than doubling our diversity spend to $104 million with businesses-owned by minorities, women, disabled individuals and veterans. We enhanced our efforts in 2020 through a membership in the National Minority Supplier Diversity Council (NMSDC). Our head of procurement, Drew Misher, serves on its Corporate Advisory Board, and we were honored to sponsor and attend their annual national vendor fair, which was held virtually. We also held a regional networking event in conjunction with the Chicago Minority Supplier Diversity Council.
In addition, we are in the process of creating a Penn Small Business Incubator program that will help to onboard minority businesses as suppliers with Penn National. It will also assist them in growing from local to regional and ultimately national suppliers with our Company.
Qualified Diversity Spend
- 18% – property spend
- 14% – corporate spend
- WBE – 8.3%
- MBE – 2.25
- WMBE – 3.7%
- 22% – property spend
- 16% – corporate spend
- WBE – 10%
- MBE – 4
- Other – 1%
What is a Diversity Supplier?
A "diversity supplier" is a supplier that holds one or more of the certifications listed below or that can provide other acceptable evidence issued by an independent third party sufficient to verify its diversity supplier status.
For more information, find the certification category your company either holds or may be qualified to hold.
Disabled Business Enterprise (DIS)
DIS are businesses that are at least 51% owned and controlled by a handicapped individual or service-disabled individual. A handicapped individual is a person who has a physical, mental, or emotional impairment, defect, ailment, disease, or disability of a permanent nature, which in any way limits the selection of any type of employment for which the person would otherwise be qualified or qualifiable.
Disabled Veteran Business Enterprise (DVET)
DVETs are businesses that are at least 51% owned and controlled by one or more disabled veterans, the home office must be located in the United States and the home office cannot be a branch or subsidiary of a foreign corporation, foreign firm or other foreign based business. A disabled veteran is a veteran of the U.S. Military, Naval or Air service, has a service-connected disability of at least 10% or more.
Disadvantaged Business Enterprise (DBE)
DBEs are businesses owned and controlled by one or more socially and economically disadvantaged persons as defined by DBE Regulation 49 CFR Parts 23 and 26. All eligible owners must affirm that they are members of a disadvantaged group (for example, an eligible ethnic minority group or female). In addition, the personal net worth of each eligible owner applicant must be less than $750,000, excluding the values of the applicant's ownership interest in the business seeking certification and the owner's primary residence.
Historically Underutilized Business Zone (U.S. SBA HUBZone Empowerment)
The HUBZone Empowerment Contracting Program provides federal contracting opportunities for qualified small businesses located in distressed areas.
Minority-Owned Business Enterprise (MBE)
MBE businesses are at least 51% owned and controlled by U.S. citizens belonging to certain ethnic minority groups. "Ethnic minority groups" are United States citizens who are Asian, African-American, Hispanic and Native American.
Minority/Women-Owned Business Enterprise (M/WBE)
M/WBE businesses are at least 51% owned and controlled by U.S. citizens belonging to certain ethnic minority groups and/or are female in gender.
Non-Profit Entity (Non-Profit)
Non-Profit entities are private sector organizations that are tax-exempt, not-for-profit entities and organizations as defined by the Internal Revenue Service.
Small Business Administration 8(a) Program (SBA 8(a))
SBA 8(a) businesses are owned and controlled by a socially and economically disadvantaged individual. Under the Small Business Act, certain presumed groups include African Americans, Hispanic Americans, Asian Pacific Americans, and Subcontinent Asian Americans. Other individuals can be admitted to the program if they show through a "preponderance of the evidence" that they are disadvantaged because of race, ethnicity, gender, physical handicap, or residence in an environment isolated from the mainstream of American society. In order to meet the economic disadvantage test, all individuals must have a net worth of less than $250,000, excluding the value of the business and primary residence
Small Business Enterprise (SBE)
SBEs are businesses that are smaller than a given size as measured by its employment, and/or business receipts in accordance with the U.S. SBA numerical size standards as defined in the Small Business Size Regulations, 13 CFR PART 121.
Small Disadvantaged Business (SDB)
SDBs are small businesses that must be at least 51% owned and controlled by a socially and economically disadvantaged individual or individuals. African Americans, Hispanic Americans, Asian Pacific Americans, Subcontinent Asian Americans, and Native Americans are presumed to qualify. Other individuals can qualify if they show by a " preponderance of the evidence" that they are disadvantaged. All individuals must have a net worth of less than $750,000, excluding the equity of the business and primary residence. Successful applicants must also meet applicable size standards for small businesses in their industry.
Veteran-Owned Business Enterprise (VET)
VET businesses are a least 51% owned and controlled by U.S. citizens who are Veterans of the U.S. Armed Forces.
Women-Owned Business Enterprise (WBE)
WBE businesses are at least 51% owned and controlled by U.S. citizens who are female in gender.