MTP is Certified as a Women-Owned Business by WBENC. This means we’re at least 51 percent owned, controlled and managed by women. When a company partners with a WBENC-Certified Women’s Business Enterprise (WBE), they gain many benefits.
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.
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.
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.
Smaller companies typically bring innovation to the table in order to stand out among their competitors. As a smaller company, we have the advantage of agility, making course corrections, with faster turn-around time if required, and implementing innovative strategies to meet the needs of our clients.
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. As a supporter of supplier diversity, your business becomes more attractive to corporations that are seeking second-tier sourcing suppliers that work with women-owned businesses.
Women’s Business Enterprise National Council WBENC aims to “foster diversity in the world of commerce. Diversity promotes innovation, opens new channels of revenue and creates partnerships that provide opportunities that fuel the economy.”
For more information about the WBENC certification, you can visit www.wbenc.org.
