The business world continues to undergo many changes with new standards and requirements, including diversity. Having a diverse workforce is an important factor to consider when partnering with other businesses as part of social ESG criteria. In the ITAD space, diversity plays a role in business development as other enterprises search for diverse suppliers. For women-owned businesses, a WBE certification is beneficial for revenue growth and provides tax incentives. As industry requirements continue to evolve, partnering with a WBE certified ITAD provider provides a level of diversity to business practices and helps achieve ESG goals.
WBE Certification
A WBE certification is specifically for women-owned businesses and shows diversity in the marketplace for those seeking to conduct business with a woman-owned company. The certification validates that the business is 51 percent owned, controlled, operated, and managed by a woman. To achieve WBE Certification, women-owned businesses complete a formal documentation and site visit process administered by one of WBENC’s 14 regional partner organizations.
Partnering with a WBE Certified ITAD Provider
As part of ESG social criteria, many businesses seek to diversify their employee pool and partners to meet DEI standards. A WBE certification enables other companies to identify diverse suppliers and enhance their ESG goals while helping promote women-owned businesses to major corporations looking to do business with a woman-owned company. Using a minority-owned business as a service supplier creates new opportunities for revenue growth and opens the door to many federal and state tax incentives.
Tax breaks are provided to enterprises that use women-owned businesses as suppliers. Additionally, the federal government offers a second tax incentive that may reduce certain liabilities for companies using diverse suppliers who provide services to a state or federal-grant-funded project. Certain states also offer tax incentives to businesses that contract with women-owned goods and services suppliers.
HOBI co-founder and CEO Cathy Hill is a founding member of the company’s board and has overseen its growth since its inception. In addition to our WBE certification, HOBI is R2v3, RIOS, and ISO 14001 certified. With more than 30 years of experience in the industry and services ranging from data security and erasure to reverse logistics, HOBI offers a wide range of ITAD solutions.
For more information about our ITAD services, call 817-814-2620 or contact HOBI at sales@hobi.com.