What is WBENC Certification and How It is Important?
A program funded by the federal government aimed at promoting greater business diversity. In their view, diversity stimulates innovation and revenue opportunities, as well as is good for the economy as a whole. Among other things, there is a rigorous WBENC certification process that ensures that a firm is owned and controlled by at least 51% of women. WBENC initiated the process in 1997. A few years later, the organization became one of the leading WBENC certification bodies for women-owned, controlled, and operated businesses, as well as an advocate for women-owned businesses in the government and corporate supply chains. What are the benefits of partnering with a WBENC-certified business? There are many advantages to working with a WBENC-Certified Women's Business Enterprise (WBE), such as: 1) . Benefits from taxation: WBENC-certified companies offer your company tax advantages. Federal tax incentives are available to businesses that do business with minority and wome