 Promoting Community GrowthCapital  Income Tax and Other Taxes Paid  Purchases from Diverse Suppliers  Verizon continues to be one of America's leading employers, major taxpayers and largest purchasers of goods and services. The impact of our size and scale alone on community growth is significant. But our networks are the principal instruments through which we contribute to society. The broadband era we are ushering in is creating the jobs of the future, making communities more competitive and driving innovation and growth. We continued investing -- a record $17.5 billion capital investment in 2007 -- to make those connections as powerful and reliable as possible. We have deep roots as a local company and are committed to supplier diversity. Each year we establish objectives for greater spending with Minority, Women, Persons with Disabilities and Veteran-owned Business Enterprises (or MWDVBEs). Highlights of 2007 Supplier Diversity EffortsThe Human Resources Committee of the Verizon Board of Directors implemented a change to the 2007 annual incentive plan to tie supplier diversity success to Short-Term Incentive compensation. More Information
Supplier DiversityVerizon has a strong record of supporting supplier diversity. We established our supplier diversity program more than 20 years ago. In 2007, we purchased nearly $3.1 billion in goods and services from companies owned and managed by minorities, women, people with disabilities and veterans. That's an increase of 20 percent from 2006. What We'll Do Next
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