Federal tax breaks are available for companies using a woman-owned business to procure recruitment services. In addition, tax liabilities are lowered for organizations using women-owned businesses to supply services to a project funded by federal or state grants or loans. Studies show that consumers prefer to buy services and products from companies that share their core values.
By partnering with a woman-owned business and diversifying your supply chain, you’re letting existing and prospective customers know that it’s important to your business to support firms owned by women and minorities. Special networking and training opportunities are available to women-owned businesses, providing them with the chance to partake in professional development that isn’t available to their competitors.
In addition, businesses owned and controlled by women are able to compete for exclusive government-funded projects bringing the assurance that their businesses are being regulated and are in good standing.