The Benefits of Working with Women-Owned Businesses

It’s National Women’s History Month. I don’t know about you, but I love following the stories about remarkable women and girls and what they have accomplished. And it’s a dream come true to be among those who are running successful businesses of their own – and doing work they are passionate about.

Woman-owned is a wonderful thing.

As the marketplace becomes more diverse, the number of women-owned businesses in the U.S. is growing. There are a number of certifications available to businesses that are primarily owned, controlled, operated, and managed by women. Acquiring any of these certifications requires a lengthy and intense vetting process. At MIFA Media, we decided to become a certified women-owned company in the State of New Jersey. Having gone through the process, I understand why being certified is valued so highly – by both businesses and those who hire them.

Partnering with a woman-owned business offers a boatload of benefits.

When you’re looking for new partnerships, there are plenty of reasons why it’s beneficial to hire a certified woman-owned business. For starters, you can be assured that you’re working with competent business owners who are committed to providing exceptional products and services.

Working with a certified women-owned business also encourages the kind of innovation and creativity that will give your company an advantage in a competitive marketplace. Studies have shown that diverse teams are more inventive and come up with better solutions to complex problems.

By working with a woman-owned business, you can tap into the unique perspectives and ideas of experienced women entrepreneurs. MIFA Media is among a surprisingly small number of women-owned creative agencies, and we’ve earned a reputation for our award-winning, out-of-the-box solutions for clients across a range of industries. We love getting to know our clients, and they love knowing we’re hands-on, nimble, and way more responsive than bigger, fancier firms.

Diversification is good for (your) business.

Partnering with a certified women-owned business shows your company’s willingness to work with diverse markets – and to put your beliefs into practice. It can lead to bigger opportunities with other companies that support business diversity, allow you to connect with new, socially-conscious consumers (including female consumers), and differentiate your business in the community.

Women-owned businesses often prioritize creating diverse and inclusive workplaces, which often helps improve employee morale and productivity for your business as well as theirs. Looking to attract high-quality talent? Showing that you work with diverse or minority-owned businesses is critical. A majority of job seekers today consider diversity when evaluating companies and job offers.

There are tax incentives for working with minority-owned businesses.

The government has passed laws that encourage companies to work with minority-owned businesses. There are federal and state programs that offer corporate tax reductions for hiring diverse suppliers, including women-owned businesses. This can help reduce overall taxable income and tax liabilities for projects funded with federal or state grants or loans when the supplier is women-owned. And supporting supplier diversity makes your business more attractive to corporations that are seeking second-tier sourcing suppliers that work with women-owned businesses.

From tax incentives to greater productivity to fresh thinking, working with women-owned businesses benefits your company, your customers, and your community. MIFA Media is proud to partner with kick-ass clients who want to create positive and meaningful change – in both the workplace and in their branding!