What is the Women’s Business Enterprise Council Metro NY & Greater DMV?
The Women’s Business Enterprise Council Metro NY & Greater DMV is the northeast regional affiliate of the Women’s Business Enterprise National Council (WBENC), the nation’s leading advocate of third-party certification organization for women-owned businesses. WBENC has 14 regional partner organizations (RPOs). WBEC Metro NY & Greater DMV manages the certification process in the New York and Washington, D.C. regions (consisting of New York, Northern and Central New Jersey, Southern Connecticut, Washington, D.C., Maryland and Virginia), two of the strongest, most active RPOs in the country. WBEC Metro NY & Greater DMV is incorporated in the state of New York and recognized as a 501(c) (3) organization.
What does WBEC Metro NY & Greater DMV do?
WBEC Metro NY & Greater DMV administers the widely-recognized and respected WBENC certification. Representing the gold standard of third-party validation, this verifies that companies have met official criteria as a business legitimately owned, managed and controlled by women.
Once certified, WBEs can gain increased access to business opportunities with Fortune 1000 companies across America. WBEs also benefit from WBEC Metro NY & Greater DMV’s ongoing advocacy on their behalf, high-level networking events designed to build relationships with corporations as well as with other WBEs, educational opportunities, enhanced visibility through awards and the Done Deals™ challenge.
Why was WBEC Metro NY & Greater DMV formed?
Founded by Dr. Marsha Firestone in 1998, a pioneer in opening doors for women-owned businesses, WBEC Metro NY & Greater DMV was formed to address the disparity that existed – and still exists — between the overall impact that WBEs have on the economy, versus corporate spend. Over 8.6 million women-owned businesses in the US generate more than $1.3 trillion in revenues and employ 7.8 million people. By providing a recognized certification program for women’s enterprises and promoting corporate supplier diversity programs, WBEC Metro NY & Greater DMV helps integrate WBEs into corporate supply chains.
Why is there a need for WBEs to become certified?
Certification serves as a bridge to countless business opportunities, providing a valuable credential when bidding for new contracts. The vast majority of Fortune 1000 corporations require that women-owned businesses be WBENC-certified to access world-class supplier diversity programs.Once certified, WBEC Metro NY & Greater DMV provides opportunities to help WBEs integrate their businesses into the supply chains of Fortune 1000s companies, access to hundreds of top corporations looking to work with certified WBEs, educational opportunities, and the support of a highly engaged community
What are the benefits for WBEs of becoming certified?
WBENC certification is the most widely-recognized and respected national certification in the U.S. for Women’s Business Enterprises (WBEs). WBEs WBEC Metro NY & Greater DMV Corporate Members and the public sector often find ideal vendors and suppliers among certified WBEs, and WBEs often do business with other WBEs. Being certified as a woman-owned, diverse supplier can open up vast opportunities previously inaccessible.According to a recent survey of WBEC Metro NY & Greater DMV WBEs regarding programs that have been the most effective for their business:
- Breakthrough Breakfast – 48%
- Brown Bag Lunch – 41%
- WBE to WBE Luncheon – 29%
- I’m Certified Now What – 27%
What is the difference between WBEC Metro NY & Greater DMV and WBENC?
How many WBEs are certified in the Northeast Region?
What is the Done Deals™ Challenge and what are the goals?
The WBEC Metro NY & Greater DMV Done Deals™ initiative was created to recognize, publicize and celebrate the success of business contracts completed and to inspire future Done Deals™. They are recognized as Done Deals™ when they fit one of these scenarios:
- WBEC Metro NY & Greater DMV-certified WBE signs a contract with a WBEC Metro NY & Greater DMV Corporate Member after competing with other vendors bidding on the contract
- Contract is signed between two WBEC Metro NY & Greater DMV certified vendors in the New York or Washington, D.C. regions
- Contract is signed between a WBEC Metro NY & Greater DMV-certified WBE and a public sector agency in New York City, New York State, the State of New Jersey or Commonwealth of Virginia