benefits of working with a MWBE partner

 1). Provides Tax Incentives

Working with certified MWBE (minority/women business enterprise) can provide your organization with many tax benefits. The federal government affords tax incentives to those who conduct business with certified minority/women-owned businesses. Additionally, tax liabilities are reduced for projects funded with federal or state grants or loans when the supplier is a minority/women business enterprise. In some states, tax incentives may be available. When you partner with Main Street, we conveniently provide you with all MWBE certification information needed for tax purposes in each final billing binder.

2). Opens New Sources of Revenue Opportunities

Research conducted by the Hackett Group shows that working with a certified minority/women business enterprise can increase profitability with as much as 130% return on investment, providing distinct competitive advantages. Additionally, the research concluded that procurement organizations who work with a diverse supplier base also had lower overall operating costs and spent 20% less on their buying operations.

3). Diversifies Your Suppliers to Provide Multiple Procurement Channels for Goods and Services

When partnering with a certified MWBE business, you gain access to multiple channels for goods and services which allows you to analyze various factors and choose what options are the best fit for your company’s needs. Increasing your partnerships with MWBE certified businesses gives you the added benefit of building relationships with suppliers’ alliances.

4). Promotes Innovation and Creativity

Smaller companies typically bring innovation to the table in order to stand out among their competitors. As a smaller company, we have the advantage of agility, making course corrections, with faster turn-around time if required, and implementing innovative strategies to meet the needs of our clients.

 5). Shows Your Company’s Interest in Working in Diverse Markets

By working with an MWBE you show your company’s commitment to working in diverse markets and furthering economic growth in local communities. As a supporter of supplier diversity, your business becomes more attractive to corporations that are seeking second-tier sourcing suppliers that work with MWBE businesses.