Post Author: Michele Stillwell, Marketing Distribution Portal Enthusiast | Marketing Guru | Accounting Shark | Lover of All Animals
What qualifies a company to become a certified woman-owned business?
In order to qualify as woman-owned, a business must be considered “small” as defined by the relevant North American Industry Classification System (NAICS).
In addition, the business must be at least 51% owned and controlled by one or more women who are U.S. Citizens.
Did you know MEDiAHEAD is 100% woman-owned and operated?
We’ve been Women’s Business Enterprise National Council (WBENC)-certified since 2015. We hold certifications in the states of Missouri and Kansas as well as in the City of Kansas City.
What are some of the advantages of being a WBENC-certified company?
Access to Information – Establishments that are certified, woman-owned businesses are granted access to large databases utilized by major corporations and government entities that support supplier diversity.
Increased Education Opportunities
What are the benefits of working with a company that is WBENC-certified?
The Federal Government affords tax incentives to those who conduct business with minority and woman-owned businesses.
Additionally, tax liabilities are reduced for projects funded with Federal or State grants/loans when the supplier is a woman-owned business.
Smaller companies typically bring innovation to the table in order to stand out among the competition, have faster turnaround times, and develop innovative strategies to benefit their clients.
Smaller companies also have the advantage of agility, being able to quickly respond and adapt to the needs of their clients.
Did you know that WBENC-certified woman-owned businesses are among the fastest growing sector of our economy?
By partnering with a woman-owned business, you’re showing your company’s commitment to working in diverse markets and furthering economic growth in your local communities.
As a supporter of supplier diversity, your business becomes more attractive to corporations who are seeking second-tier sourcing suppliers who work with women-owned businesses.
According to WBENC, their certification standard is the most relied upon certification of women-owned businesses as a supplier diversity business program. This certification validates that a business is 51 percent owned, controlled, operated, and managed by a woman or women.
To all who support women-owned businesses, THANK YOU. To those looking to partner with more, give us a call today!