Tuesday, June 23 marked the start of the Women’s Business Enterprise National Council (WBENC) National Conference and Business Fair, the largest conference of its kind for women business owners in the United States.
WBENC’s annual conference brings together woman-owned business enterprises (WBE), supplier diversity executives and procurement representatives from Fortune 500 companies, the U.S. Government, and select partner organizations. These groups of professionals all strive to fulfill WBENC’s vision of expanding women’s business opportunities in the marketplace, learn about industry developments and connect with one another during the three-day conference.
Last year’s “State of Women-Owned Businesses Report”1 found that “11.3 million (11,313,900) women-owned businesses in the United States, employ nearly 9 million people (8,976,100) and generate over $1.6 trillion ($1,622,763,800,000) in revenues.” Though the number of WBEs have increased dramatically over the years (a 45.2% increase between 2007-16), women owned businesses still struggle to land contracts with corporate buyers.
A recent Premier Quantitative Consulting (PQC) research report2 on women’s participation in corporate supplier diversity programs found that despite women business owners’ confidence in their capacity to serve large corporations, less than half of survey participants who were part of a supplier diversity program actually earned a contract or generated revenue from their participation.
11.3 million (11,313,900) women-owned businesses in the United States, employ nearly 9 million people (8,976,100) and generate over $1.6 trillion ($1,622,763,800,000) in revenues.
ConnXus Cares about the success and representation of women-owned businesses (WBEs), and we are dedicated to providing the tools and resources to connect corporate buyers with WBE suppliers. We understand the difficulties WBEs can face, and we have seven years of experience helping WBEs succeed and thrive.
ConnXus aims to facilitate the growth and success of woman-owned businesses by allowing WBE registered suppliers to access, bid on, and fulfill contracts with Fortune 2000 companies:
Clipper, a WBENC certified WBE and global uniform and restaurant supply manufacturer, is the primary uniform supplier for Darden Restaurants, Burger King and more. While remaining prosperous and strong despite myriad uphill battles to get her business off its feet, Clipper proved successful and is the first place winner of the 2017 ConnXus Cares Share Your Story.
21st Century Expo Group is the only certified African-American woman-owned exhibit company in the nation. They currently serve Fortune 2,000 corporations including Google, Time Warner Cable, Major League Baseball (MLB), and of course ConnXus.
WBE artisan sauce manufacturer, Kam’s Kettle Cooked, found an open door in supplier diversity and landed shelf space in Kroger Stores nationwide.