For more than 2 years, Solomon Search Group has maintained a Women’s Business Enterprise (WBE) Certification through the Women’s Business Enterprise National Council (WBENC), the largest certifier of women-owned businesses in the U.S. and a leading advocate for women business owners and entrepreneurs.
WBENC Certification validates that a business is 51 percent owned, controlled, operated, and managed by a woman or women. To achieve WBENC Certification, women owned businesses complete a formal documentation and site visit process which is administered by one of WBENC’s 14 Regional Partner Organizations. WBENC Certification gives women owned businesses the ability to compete for real-time business opportunities provided by WBENC Corporate Members and government agencies.
1. Provides Tax Incentives
Working with a WBENC-certified business can provide your company with 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 loans when the supplier is a women-owned business. In some states, tax incentives may be available. When your clients partner with your company, Solomon Search Group would provide them with all WBENC certification information needed for tax purposes in each final billing binder.
2. Opens New Sources of Revenue Opportunities
Research 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, your clients gain access to multiple channels for the services you offer, which allows them to choose what options are the best fit for their company’s needs. WBENC will introduce the services of Solomon Search Group.
4. Promotes Innovation and Creativity
Solomon Search Group brings innovation to the table to stand out among their competitors. As a smaller company, you 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.
5. Shows Your Client’s Interest in Working in Diverse Markets
WBENC-certified businesses are among the fastest-growing sector of our economy. By working with a women-owned business like Solomon Search Group your client’s show their company’s commitment to working in diverse markets and furthering economic growth in local communities.