NABA Inc. Forms Strategic Alliance with Diverse Organization of Firms



“According to the SBA, over the past ten years, minority-owned businesses have accounted for more than 50% of new businesses created in the United States and have created 4.7 million jobs,” said Guylaine Saint Juste, President and CEO of NABA. “NABA’s alliance with DOF means that together we can build a business

NABA and the Diverse Organization of Firms (DOF) today announced that the organizations have entered into a strategic alliance to increase representation of Black business leaders, entrepreneurs and financial services business owners, to create more innovative solutions, tackling structural barriers in the business world. market and increase the number of on-ramps to Black business leadership and entrepreneurship.

This agreement combines NABA’s 50-plus years as a leading member-based association dedicated to closing the opportunity gap for more than 200,000 black accounting, business and finance professionals with the DOF’s access to a nationwide network of more than 300 Black CPA and financial services firm owners who manage, invest, trade or hold financial resources on behalf of clients.

In 2021, NABA rolled out a new business strategy expanding its targeted membership base to include a wider range of finance professionals, entrepreneurs and business partners. The new alliance with the DOF supports NABA’s new strategic direction. It enables both organizations to serve Black entrepreneurs by providing access to essential professional services rendered by Black business leaders with expertise in accounting, business, finance, risk, technology, cybersecurity, consulting and human capital.

“We couldn’t be happier with the reunion of our two organizations,” said Odysseus Lanier, outgoing DOF President. “We are excited about NABA’s new strategic direction, and we know that together we will solve the complex issues of Black-owned businesses accessing opportunities in the global marketplace.”

In addition, the combination of forces strengthens and expands the missions and positions of the two historic organizations to provide pathways to entrepreneurship for thousands of promising Black business leaders and provides members of both organizations with access to a wide range strategic programs, networking opportunities and professionals. development. This strategic alliance also advances both organizations toward their missions by inviting new leaders, moving them in the right direction to meet the changing needs of their members, and increasing financial opportunities.

“DOF has long served as a beacon of collaboration for professional Black-owned businesses, and together we will accelerate our ability to increase global market share and opportunities for Black business leaders and owners,” said added Herschel Frierson, Chairman of the NABA Board of Directors.

“We believe in the vision of One NABA and DOF,” said Kimi Ellen, Chair of the DOF Board of Directors. “We are excited to be part of the next leg of this journey as we grow together to serve more Black business leaders, entrepreneurs and the global marketplace.”

About the National Association of Black Accountants

The National Association of Black Accountants (NABA, Inc.) is a nonprofit association dedicated to closing the opportunity gap for Black professionals in accounting, finance, and related business professions. Representing more than 200,000 Black professionals in these fields, NABA advances people, careers, and mission by providing education, resources, and meaningful career connections to professional and student members, consistent with our motto principle: Lifting as We Climb.

About Diversified Business Organization

DOF is the premier organization of African-American-owned CPA and financial services firms that empower, educate, and advocate for the accounting profession to ensure innovation, mentorship, relevance, and continued value.

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