Mavec Advisors of Wading River Makes Connections at PSEG Long Island’s Annual Supplier Diversity Fair
Event brings together hundreds of minority-, women-and service-disabled veteran-owned businesses and more than 50 PSEG Long Island vendors
Photo Caption: Cara Kazacs, a director at Wading River-based Mavec Advisors, staffs an exhibitor booth at the PSEG Long Island Supplier Diversity Fair on May 18.
(UNIONDALE, N.Y., June 22, 2023) — Wading River-based Mavec Advisors was among hundreds of companies that gathered on May 18 to help increase the economic opportunities for businesses owned by minorities, women and service-disabled veterans at PSEG Long Island’s annual Supplier Diversity Fair.
Held at the Long Island Marriott in Uniondale, the fair offered diverse businesses an opportunity to meet with prospective buyers, PSEG Long Island decision-makers and vendors who are currently doing business with PSEG Long Island to learn about new contract opportunities and introduce their firms.
PSEG Long Island’s supplier diversity accomplishments
When PSEG Long Island started in 2014, it spent $14.8 million with approximately 60 minority- and women-owned business enterprises (MWBEs). Eight years later, in 2022, PSEG Long Island’s yearly spend had grown to $66.8 million with more than 150 MWBEs and $7.6 million spent with more than 15 service-disabled veteran-owned businesses (SDVOBs).
“PSEG Long Island is committed to diversity and inclusion throughout the company, including the procurement of suppliers. As a good corporate citizen and neighbor, we believe there’s a moral and ethical imperative to procure products and services through a diverse group of suppliers. We’ve also found that this is a smart decision for our business.”
- David Lyons, PSEG Long Island Interim President and COO
Mavec Advisors is a state-and federally certified service-disabled veteran-owned business that focuses on providing consulting services including compliance, staffing, finance, project management, risk management, employee benefit programs and general business services across a wide range of industries.
“PSEG Long Island dedicates significant resources to their supplier diversity platform, highlighted by this fantastic Supplier Diversity Conference today, providing enormous opportunities for MWBEs and SDVOBs,” said Gabriel Gensler, CEO of Mavec Advisors. “I have been working with their supplier leadership since 2017 and am constantly impressed with not only their ability to creatively approach procurements for complex projects, but their active engagement to connect prime contractors with diverse suppliers while maintaining accountability. It is no secret why PSEG Long Island is a leader in supplier diversity and such a valued partner to so many local diverse firms.”
Supplier Diversity Awards
A program highlight, PSEG Long Island presented diversity awards at the event, recognizing firms that demonstrated excellence in performance and commitment to utilizing diverse suppliers.
The Annual PSEG Long Island Supplier Diversity Fair serves as an important opportunity for PSEG Long Island to connect with its business community and form new relationships, while building on its robust list of diverse suppliers. More than 40 exhibitors and more than 200 suppliers RSVP’d for the event’s workshops and networking sessions.
To learn more about the MWBE and SDVOB programs, please visit the Empire State Development website at https://esd.ny.gov/office-contractor-and-supplier-diversity.
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PSEG Long Island
PSEG Long Island operates the Long Island Power Authority’s transmission and distribution system under a long-term contract. PSEG Long Island is a subsidiary of Public Service Enterprise Group Inc. (PSEG) (NYSE:PEG), a publicly traded diversified energy company.