Delegate Taylor received The Washington Metropolitan Top Forty under 40 Award for his business and, in 1995, he was named one of the 50 Leaders of Tomorrow in the golden anniversary issue of Ebony magazine. He has served on advisory boards for Capital Bank and FCNB Bank, and has been a member of the Task Force on Lending Equity within Financial Institutions Providing State Depository Services since 2005. Taylor's community service has included involvement with the Rainbow/Push Coalition's Wall Street Project, the National Coalition of Minority Businesses, the Smithsonian Anacostia Museum, the African-American History and Culture, the Washington Adventist Hospital Foundation, the Olney Theatre, the Boys and Girls Club of Greater Washington, and the ARC (formerly Association for Retarded Citizens). He is currently the Managing Director of the Minority Business Economic Council and serves the minority owned businesses around the Maryland area.