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ARTICLE · 16 NOVEMBER 2016

Are You Certifiable?

Who are majority owners of 38 percent of U.S. businesses, employing nearly nine million people and generating more than $1.6 trillion in revenue?

United StatesStrategy

Who are majority owners of 38 percent of U.S. businesses, employing nearly nine million people and generating more than $1.6 trillion in revenue?

According to The Sixth Annual State of Women-Owned Businesses Report commissioned by American Express OPEN, women are.

The report also notes that businesses owned by women of color are among the fastest growing sectors of women-owned firms. 

Despite this post-recession growth, minority/women owned businesses still face hurdles. But certification as a WBE (Woman Business Enterprise), MBE (Minority Business Enterprise) or DBE (Disadvantaged Business Enterprise) may be an invaluable tool to help improve competitiveness and provide resources, giving access to grants or loans, marketing databases and educational opportunities, and distinguishing certified businesses from other players in the marketplace. For example, businesses certified by Kentucky's Minority and Women Business Enterprise Certification Program are listed

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