TOP 3 BENEFITS OF PARTNERING WITH A WOMEN-OWNED BUSINESS

1. Tax Incentives

This is the greatest benefit. We all want to lower costs without jeopardizing quality. Working with a certified minority or women-owned business can do just that. The state and federal government offer tax incentives to companies that do business with certified minority and women-owned businesses. They are also programs that reduce tax liabilities for projects funded with federal, state grants, or loans when the supplier is a women-owned business. In certain states, additional tax incentives may also be available. When you partner with Prime Headhunting & Recruiting, we provide all the necessary certification documentation needed for your tax filing purposes.

2. Increase ROI and Lower the Cost of Procurement

A recent study shows that working with a certified business can increase profitability with as much as 145% return on investment, offering competitive advantages for procurement organizations. In conclusion, the research determined that procurement organizations who work with a diverse supplier base also had lower overall operating costs and spent 30% less on their buying operations.

3. Increase Supply Channels

By partnering with minority and women-owned certified businesses you increase your sources for goods and services permitting you greater opportunities to analyze options that best fit your organization’s needs