Full Name
Kevin Price
Title
President & CEO
Organization
North Carolina Institute of Minority Economic Development
Speaker Bio
Kevin is the third president and chief executive officer of the North Carolina Institute of Minority Economic Development in Durham, NC. The Institute, a 34-year old nonprofit management consulting and services firm, is focused on business diversity and inclusion. They are trusted advisors to businesses large and small, government agencies, policy makers and organizations that understand the key roles diversity and inclusion play in ensuring business and economic success. Their client services include customized one-on-one assistance, training, knowledge, networks and solutions that create diverse, globally competitive companies. The Institute is an award-winning organization and leading voice and constant advocate for public policies and business practices that promote marketplace diversity and inclusion. Recently, Price successfully merged The Institute with the North Carolina Community Development Initiative becoming CEO of both organizations. The Initiative is a community development financial institution, providing vital financing to diverse businesses, community development corporations and HBCUs throughout the state.
Price’s almost 30-year career has been steeped in community economic development. He joined The Institute as a veteran business leader in healthcare, supplier diversity, faith-based affordable housing, community development and commercial banking operations. Immediately prior to joining The Institute March 9, 2020, Price was Senior Director of Supplier Diversity & Performance Analytics for Novant Health for 14 years. While there, he launched their supplier diversity activities, growing spend by more than 500% utilizing over 550 diverse suppliers resulting in over $1 billion in spend since its launch in 2006, automated Tier I and II reporting, encouraged numerous majority/diverse joint ventures, collaborated with the Tuck School of Business at Dartmouth to add a healthcare component to their Minority Executive Training program for six consecutive years and launched a $5 million loan guarantee program for diverse suppliers, in partnership with M&F Bank. Price also served as a master diversity and inclusion facilitator/trainer for the company.
Prior to joining Novant Health, Price spent many years in banking as a commercial lender and business development officer, real estate developer and community development and CRA leader. He served as Vice President/Senior Business Development Officer for M&F Bank, Vice President/Director of Faith-Based Initiatives for Regency Development, a subsidiary of SunTrust Bank and Group Vice President/Corporate Community Development & CRA leader for SouthTrust Bank.
His banking experience was preceded by several years spent working as Vice President of Special Programs at Project Homestead, a community development corporation, in which he managed credit lines with nine banks and produced more than $40 million worth of single family, multi-family and retail developments.
Some of Kevin’s awards and civic engagements include:
Awards
• 2020 Federation of American Hospitals – Corris Boyd Leadership award
• 2019 National Minority Manufacturers Summit – “Making A Difference” award
• 2018 NC Veterans Business Association – Advocate award
• 2017 James B. Dudley High School Hall of Fame/Hall of Distinction Inductee
• 2015 Diversity MBA – “Top 100 Under 50 Diverse Executive & Emerging Leaders”
• 2014 Owens & Minor – Earl G. Reubel Civic Leader award
• 2014 CVMSDC – Advocate of the Year award
• 2013 NCIMED – Minority Business Advocate of the Year award
Leadership & Community Involvement
• Board Treasurer – Diversity Information Resources
• Advisory Board Member – Healthcare Management Program– Winston-Salem State University
• Advisory Board Member – Healthcare Management Program – Pfeiffer University
• Guest Faculty – AHA Institute for Diversity in Health Management
• Co-Founder – Friendship Community Development Corporation
• Previous Board Treasurer – Healthcare Supplier Diversity Alliance
• Previous Governor Appointee – NC HUB Advisory Council
• Previous Board Member – Prosperity Unlimited
• Active member of Alpha Phi Alpha Fraternity, Inc.
Price is a US Army veteran. After completing military service, he obtained his Bachelor of Arts Degree in Political Science/Psychology from the University of North Carolina at Greensboro. He also completed his Masters in Health Administration and Masters in Business Administration, both from Pfeiffer University. He is married to Michelle Y. Price and they have three young adult children.
Price’s almost 30-year career has been steeped in community economic development. He joined The Institute as a veteran business leader in healthcare, supplier diversity, faith-based affordable housing, community development and commercial banking operations. Immediately prior to joining The Institute March 9, 2020, Price was Senior Director of Supplier Diversity & Performance Analytics for Novant Health for 14 years. While there, he launched their supplier diversity activities, growing spend by more than 500% utilizing over 550 diverse suppliers resulting in over $1 billion in spend since its launch in 2006, automated Tier I and II reporting, encouraged numerous majority/diverse joint ventures, collaborated with the Tuck School of Business at Dartmouth to add a healthcare component to their Minority Executive Training program for six consecutive years and launched a $5 million loan guarantee program for diverse suppliers, in partnership with M&F Bank. Price also served as a master diversity and inclusion facilitator/trainer for the company.
Prior to joining Novant Health, Price spent many years in banking as a commercial lender and business development officer, real estate developer and community development and CRA leader. He served as Vice President/Senior Business Development Officer for M&F Bank, Vice President/Director of Faith-Based Initiatives for Regency Development, a subsidiary of SunTrust Bank and Group Vice President/Corporate Community Development & CRA leader for SouthTrust Bank.
His banking experience was preceded by several years spent working as Vice President of Special Programs at Project Homestead, a community development corporation, in which he managed credit lines with nine banks and produced more than $40 million worth of single family, multi-family and retail developments.
Some of Kevin’s awards and civic engagements include:
Awards
• 2020 Federation of American Hospitals – Corris Boyd Leadership award
• 2019 National Minority Manufacturers Summit – “Making A Difference” award
• 2018 NC Veterans Business Association – Advocate award
• 2017 James B. Dudley High School Hall of Fame/Hall of Distinction Inductee
• 2015 Diversity MBA – “Top 100 Under 50 Diverse Executive & Emerging Leaders”
• 2014 Owens & Minor – Earl G. Reubel Civic Leader award
• 2014 CVMSDC – Advocate of the Year award
• 2013 NCIMED – Minority Business Advocate of the Year award
Leadership & Community Involvement
• Board Treasurer – Diversity Information Resources
• Advisory Board Member – Healthcare Management Program– Winston-Salem State University
• Advisory Board Member – Healthcare Management Program – Pfeiffer University
• Guest Faculty – AHA Institute for Diversity in Health Management
• Co-Founder – Friendship Community Development Corporation
• Previous Board Treasurer – Healthcare Supplier Diversity Alliance
• Previous Governor Appointee – NC HUB Advisory Council
• Previous Board Member – Prosperity Unlimited
• Active member of Alpha Phi Alpha Fraternity, Inc.
Price is a US Army veteran. After completing military service, he obtained his Bachelor of Arts Degree in Political Science/Psychology from the University of North Carolina at Greensboro. He also completed his Masters in Health Administration and Masters in Business Administration, both from Pfeiffer University. He is married to Michelle Y. Price and they have three young adult children.
Speaking At
