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Diversity in the News
Doing More with Less
Women are under-represented in the STEM careers – science, technology, engineering and math. Add entrepreneurs to that list, along with a $1 million global campaign funded by Google for Entrepreneurs. The goal is to provide assistance to programs aimed at helping female entrepreneurs in startup communities.
In Colorado, Galvanize received one of the grants under the #40Forward campaign. Galvanize supplies common work space for tech startups. It has an office in Denver’s Golden Triangle and another in Boulder, with a third tentatively slated to open in LoDo in 2015.
According to the #40Forward Web site, “Studies have shown that diverse teams create better products and run more successful companies.” The Web site says that women-led tech companies do more with less.
Women achieve 35% higher return on investment, and, when venture-backed, bring in 12% more revenue than male-owned tech companies. 
Women are highly efficient with capital, running companies on 2/3 the funds of their male counterparts, yet receiving roughly 4% of venture capital.

Tony Winner
Broadway is big business. The June 8 Tony Award winner for Best Revival of a Play went to “Raisin in the Sun,” which debuted in 1959. The play deals with complex family dynamics and racial/social issues surrounding a black family’s decision about whether or not it should move into a white community. Prior to winning the Tony, the June 1 box office report for the play shows it is running at 100% of capacity and generating $1.1 million per week in ticket sales.

Driving Change
Globalization. Demographic shifts. Technology. Legal environment. Socio-political climate. What do they all have in common? They were identified as the five trends driving a Diversity & Inclusion officer’s role and defining the need for new thinking regarding competencies. That’s according to The Conference Board. Its members are experienced executives from leading global organizations.

It's a Fact
A May 2012 report from the U.S. Census Bureau that projects data from the 2010 census shows 50.4 percent of our nation's population younger than age 1 were minorities as of July 1, 2011. The nation’s non-Hispanic white population is projected to peak in 2024, at 199.6 million, barely up from 197.8 million in 2012. 

Taking Another Look
The CU School of Dentistry is taking another look at its diversity program after students and faculty complained that there was a culture of racism. The Denver Post reports that there have been only 10 back graduates of the program since 1977, while 1,600 whites graduated in the same time. Nationally, 5% of dental students were black in 2012.

Financial Direction
Can a financial institution formed to serve the Latino community stay true to that role if its board of directors has no Latinos on it? That’s the question being asked about Solera National Bancorp as a battle for control of the board is being waged in Jefferson County court, the Denver Post reports.

A shareholder who isn’t satisfied with the bank’s financial performance offered up an alternative slate of board candidates, and won more votes than the sitting board, which is challenging the results. Presently, two of the seven board members are Latino. If the new board is seated, there will be none.

Progressive Insurance
Recently highlighted in the Forbes article "Reaping The Benefits Of Diversity For Modern Business Innovation", Progressive Insurance does an amazing job at inviting and fostering diversity within their company. Bottom Line Diversity is pleased to feature them as our Spotlight of the Month.



Heads Up!  New Requirements for doing business with the City of Denver 
DENVER — Executive Order 101: Companies that want  to do business with the City of Denver, as of April 1, 2014, have to answer a questionnaire that exams their corporate policies and practices regarding diversity and inclusiveness - for employees and vendors. Anyone who primes a project will be required to fill out this questionnaire or will be qualified as "Non-responsive".  If your company would like a free 45-minute session to discuss Executive Order 101, call 720-362-1015 or contact:
Joseph@bottomlinediversity,com  or  jerry@bottomlinediversity.com