5 Reasons You Should Partner with a Certified Women-Owned Business
Updated: Dec 29, 2020
To Be Woman-Owned Certified means we have earned national certification by the Women’s Business Enterprise National Council (WBENC).
When a company partners with a WBENC-Certified Women’s Business Enterprise (WBE), they gain many benefits, such as:
Providing Tax Incentives
Working with a WBENC-certified WBE can provide your company many tax benefits. The federal government affords tax incentives to those who conduct business with minority and women-owned businesses. Additionally, tax liabilities are reduced for projects funded with federal or state grants or loan when the supplier is a women-owned business. In some states, tax incentives may be available.
2. Opening New Sources of Revenue Opportunities
Research conducted by the Hackett Group shows that working with a WBENC-certified business, can increase profitability with as much as 130% return on investment, providing distinct competitive advantages. Additionally, the research concluded that procurement organizations who work with a diverse supplier base also had lower overall operating costs and spent 20% less on their buying operations.
3. Diversifies Your Suppliers to Provide Multiple Procurement Channels for Goods and Services
When partnering with a WBENC-certified business, you gain access to multiple channels for goods and services which allows you to analyze various factors and choose what options are the best fit for your company’s needs. Increasing your partnerships with WBENC-certified businesses gives you the added benefit of building relationships with suppliers’ alliances.
4. Promotes Innovation and Creativity
Local businesses like PCPSI bring innovation and flexibility to the table in order to stand out among competitors. We have a deeply-held commitment to a worry-free customer experience and remarkably fast turnarounds. Clients come to us for solutions that answer their business needs.
5. Shows Your Company’s Interest in Working in Diverse Markets
WBENC-certified WBE’s are among the fastest growing sector of our economy. By working with a women-owned business you show your company’s commitment to working in diverse markets and furthering economic growth in local communities.
Partnering with PCPSI can help your organization meets its diversity sourcing requirements. Connect with us. We’d love the opportunity to earn your business and share how we’ve helped other organizations achieve their supplier diversity goals.