The U.S. economy represents more than 20% of the entire global economy and is home to several billion-dollar industries spanning across the private and public sectors. But until recently, no one was talking about the role the LGBT community played in supporting the American economy.
The National LGBT Chamber of Commerce (NGLCC) saw a need to not only count the contributions of the LGBT community that have long been under the radar but to shatter stereotypes and create visibility that gives LGBT youth role models to look up to who demonstrate that being yourself and being successful aren’t mutually exclusive.
With the data they gathered, they discovered that their impact on the economy made the LGBT community the 10th wealthiest economy in the world. NGLCC’s report has made way for greater diversity, equity, and inclusion across the workforce, and greater recognition for the LGBT community’s contributions to the American economy. Additionally, the number of non-White LGBT business owners continues to increase annually, bolstered by NGLCC’s leadership in the National Business Inclusion Consortium (NBIC). Finally, NGLCC created the Trans Inclusion Task Force to connect with the underserved trans community, who are particularly targeted for violence and discrimination. In just one year, the task force experienced a 400% increase in the number of trans businesses that participate in the certification.
At NGLCC, we have nearly 200 corporate and government partners that understand not only the value of the LGBT dollar but also the economic imperative of inclusivity and LGBT visibility in their supply chains and marketplace. This groundbreaking report proves our NGLCC philosophy that economic visibility, just like social visibility, is essential in building a diverse and inclusive society.
– Chance Mitchell, NGLCC Co-Founder, CEO
Did you know?
The LGBT community is the 10th wealthiest economy in the world.
The National LGBT Chamber of Commerce (NGLCC)