Building off of previous supplier diversity and inclusion commitments, Novant Health and Mechanica and Farmers Bank created the Diverse Supplier Reinvestment Program. The program is committed to growing the capacity of businesses owned by women, ethnic minorities, veterans, LGBTQ individuals and people with disabilities by guaranteeing loans. The maximum loan amount is $250,000 or 25% of the total value of the contract with Novant Health, whichever is less. Novant Health has partnered with Tuck School of Business at Dartmouth College to send businesses that are currently certified as a Novant Health vendor to Dartmouth College to help them learn and build business capacity. Each year Novant Health sponsors up to 2 vendors to attend for free. Furthermore, Supplier Diversity at Novant Health continues to partner with their disability Business Resource Group to provide vendor support and identify more disability inclusion opportunities.
