There is a reason why a growing number of companies are seeking to do business with certified Minority and Women-owned Business Enterprises ("MWBE").
City, State and Federal Tax Incentives
Employing a MWBE supplier for your company can result in tax incentives, rebates and breaks from a variety of governmental agencies. Whether the MWBE is contracted or sub-contracted to perform work for your business the tax incentives can provide your company significant tax savings or credits for work earmarked as MWBE contracted or sub-contracted work.
Internal and External Supplier Diversity Requirements
Companies in the US often have internal or external pressures to employ and retain diversity as part of their conducting business. Often organization have internal policies and an added line in their mission statement to increase their overall MWBE investment. Satisfying these requirements accomplishes a tangible good corporate citizenship role, could satisfy requirements for winning large contracts or business with government, and have financial gains from the community and those support businesses practicing and having in place a supplier diversity platform in place.
Other Incentives and Benefits
Economical benefits aren't the only wins using MWBE's, businesses have discovered these nimble smaller businesses offer more flexibility and agility unlike larger suppliers which is similar to change direction on a steamship. A small MWBE business could also provide cost savings in the form of pass through supply chain and overhead cost savings. Use of MWBE can help build or strengthen brand, reinforce identity, and further your marketing message.
To be certified as a MWBE there are vigorous requirements. They are vetted, interviewed, documentation of their legal existence and good standing bank account(s) are verified, and proof they operate as a business in a manner that aligns with their shop sign is as stated. Accordingly, you can feel at ease when you work with a certified MWBE that it has gone through a gauntlet of checks and balances removing any doubt that the business you may doing business with may be a fly by night or has a questionable operation.
Carson Worldwide LLC has submitted documentation and applied for Certification as a MWBE and is being registered to bid on contracts and do business as a MWBE with the State of New York, The City of New York, and the NY/NJ Port Authority.