wbe tax benefits

This program awards scholarships to women business owners and/or their executive staff to attend educational enrichment courses or programs that would enhance their overall effectiveness in their business. BusinessTaxRecovery.com: Tax Credit for Minority Business, Biz2Credit: Women Business Enterprise Certification (WBE), Insight Center for Community Economic Development: State Inclusive Business Program Overview & Goals, SBA.gov: Women-Owned Small Business Federal Contract Program, TopGovernmentGrants.com: Featured Government Grant Resources. WBE Contacts As a WBE, your company will have access to a local and national listing of all certified women-owned businesses (WBEs) that are members of WBENC. For WBEs that generate under 2 million dollars in revenue; and are not yet ready for a large contract; the WBEA offers capacity building programs to help increase WBE to WBE business, teaming and subcontracting opportunities. The WBEAs current capacity building programs are as follows: Kauffman FastTrac Growth Venture & New Venture, SBA Emerging Leaders Institute, Goldman Sachs 10,000 Small Businesses, Business Strategic Modeling Program, Geared for Growth Series Workshops and the Women Business Center Entrepreneurs Conference. Federal, state and local governments together with the private sector's supplier diversity and educational sponsorship initiatives, offer various incentives, loans, loan guarantees and grants directly to women and minority business enterprises. Access to Certified Women Suppliers Many are members of WBENC and (WBEA) and others are not but they all recognizes and accept your certification. Finally, contracting with women-owned businesses improves your brand’s reputation as one aware of and interested in working with diverse markets, which can open new doors for revenue opportunities. Your company is listed on WBENCLink, the national database for WBENC certified WBEs. For instance, Ohio gives fixed, low-interest loans to certified minority and women business firms and, where needed, will also provides job completion surety bonds to help the minority firm bid on state building, procurement or service contracts that require bonding. For example, in 2010 Walmart Stores allocated $10.5 billion to purchasing goods and services from female- and minority-owned businesses. The UN reports that women represent a significant share of employment generation and economic growth potential in the global economy. For over 15 years, Miller Tanner has proudly maintained a Womens Business Enterprise (WBE) Certification through the Womens Business Enterprise National Council (WBENC), the nations largest third-party certifier of the businesses owned and operated by women in the U.S. To increase the availability of small and minority business loans, Congress passed the Small Business Jobs and Credit Act of 2010, which authorized $30 billion of additional funding to be made available through community banks to small businesses that can meet local bank borrowing standards. Your company has the opportunity to participate in local and national networking events with other WBEs and corporate, non-profit agency and government buyers. The bulk of federal grants go to state and local government, nonprofits, educational institutions and Native American organizations. The list contains over 700 corporate members. At a time when diversity and transparency are at the forefront of many social, economic and political conversations, women-owned businesses are a growing economic force.

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