Do Well by Doing Good.
WHAT IS AN M/WBE AND WHY SHOULD YOU WORK WITH ONE?
In today’s business world it is commonly known that when organizations embrace diverse and inclusive professional partnerships, they tend to outperform industry competitors.
Your organization can reap the rewards of success when you collaborate with Lori Davis Consulting, Inc. and other Minority and Women-owned Business Enterprise (M/WBE) Certified firms. What does it mean to be a certified M/WBE? Here are some requirements for M/WBE certification:
· The business owner is either a person of a designated minority group and/or a woman.
· The business is least 51% minority and/or woman owned.
· The business has been in operation for a year or more.
· Day-to-day business operations are managed by a minority and/or woman.
· The business successfully completed a rigorous application process.
There are significant advantages to working with a certified M/WBE. Research conducted by the Hackett Group shows increased profitability with as much as a 130% return on investment. Another finding is that when partnered with diverse suppliers like M/WBEs, organizations have lower operating costs and spend 20% less on purchasing.
These measurable economic assets, combined with intangible, more nuanced benefits, such as personalization, accessibility, and balance make for an optimal engagement. The expertise of an M/WBE strengthens brand recognition, enriches company culture, and maximizes your company’s growth.
Partnering with an M/WBE makes business good sense. Read on to learn more and Contact Us to discuss how Lori Davis Consulting, Inc. can help your business grow.
Tap into Innovation and Creativity
Emerging firms like M/WBEs bring originality and fresh ideas to the table. Our forward-looking strategies often stand apart from the models of older firms.
Lori Davis Consulting is a growing M/WBE that offers customized service with a practical approach. We believe that effective communication is key. Always curious, we listen closely to our clients who each have their own unique sets of needs and expectations. Enthusiastic and engaged, we share our ideas openly and stay focused on best practices for your individual project. In collaboration with you, Lori Davis Consulting delivers an exceptional finished product.
Show Your Company’s Commitment to Working in Diverse Markets
When you partner with Lori Davis Consulting, you affirm your dedication to broadening your professional affiliations in new and diverse markets, which fuels economic growth in local communities and beyond.
Because you value the knowledge and skills of minority and women specialists, your organization stands at the forefront of a progressive marketplace. In turn, your example paves the way for other companies to likewise prosper by venturing into association with alternative sourcing suppliers through M/WBEs.
EARN POTENTIAL TAX INCENTIVES
The federal government affords tax incentives to organizations that conduct business with M/WBEs. Tax liabilities are reduced for projects funded with federal or state grants or through loans when the supplier is a MWBE.
Lori Davis Consulting will provide you with all the MWBE certification information you need for tax purposes. Talk with your tax advisor about how working with Lori Davis Consulting can benefit your business.
“Strength lies in differences, not in similarities.”