In today’s business world, diversity and inclusion are crucial components of success. As companies continue to recognize the importance of equity and justice, they are seeking ways to demonstrate their commitment to these values. One way to do so is by becoming LGBTE-certified. LGBTE (Lesbian, Gay, Bisexual, Transgender, and Ally) certification signifies that a company meets the requirements for LGBT-owned businesses, as established by the National Gay & Lesbian Chamber of Commerce (NGLCC). In this blog post, we’ll explore the competitive advantages of becoming an LGBTE-certified business.
- Access to New Business Opportunities
Becoming LGBTE-certified provides access to new business opportunities. Many corporations, non-profits, and government agencies have supplier diversity programs in place. These programs aim to increase the number of contracts awarded to diverse suppliers, including LGBTE-certified businesses. By becoming LGBTE-certified, your business can be part of these programs and have access to new business opportunities.
- Increased Revenue
Diversity and inclusion are becoming increasingly important to consumers. Many consumers are choosing to do business with companies that prioritize diversity. By becoming LGBTE-certified, your business can attract new customers who value diversity and inclusion. In addition, working with corporations and government agencies as an LGBTE-certified business can lead to increased revenue for your business.
- Enhanced Reputation
LGBTE certification can enhance your company’s reputation. It shows that your business is committed to diversity, equity, and inclusion. This can be especially important when competing for contracts or partnerships. Companies that value diversity are more likely to want to work with other companies that share their values.
- Competitive Advantage
Becoming LGBTE-certified can give your business a competitive advantage. Many companies have supplier diversity goals that they are required to meet. By becoming LGBTE-certified, your business can help these companies meet their goals. This can make your business an attractive partner for companies looking to diversify their supply chain.
- Access to Networks and Resources
Becoming LGBTE-certified provides access to networks and resources. Many organizations have networks of LGBT-owned businesses that they work with. These networks can provide support, resources, and networking opportunities. In addition, many organizations offer training and development programs for LGBT-owned businesses.
- Increased Visibility
LGBTE certification can increase your company’s visibility. The NGLCC maintains a directory of LGBTE-certified businesses, which is used by corporations and government agencies looking for diverse suppliers. By being listed in this directory, your business can gain exposure and increase its visibility.
- Demonstrated Commitment to Diversity
Becoming LGBTE-certified demonstrates your company’s commitment to diversity. This can be a powerful message to employees and customers alike. Employees want to work for companies that share their values, and customers want to do business with companies that prioritize diversity and inclusion.
- Attract and Retain Top Talent
Diversity and inclusion are important factors for many job seekers. By becoming LGBTE-certified, your business can attract top talent who value diversity and inclusion. In addition, creating a diverse and inclusive workplace can help retain employees who might otherwise leave for more welcoming environments.
- Increased Innovation
Research has shown that diverse teams are more innovative than homogeneous ones. By becoming LGBTE-certified, your business can create a more diverse workforce, which can lead to increased innovation and creativity.
- Positive Social Impact
Becoming LGBTE-certified can have a positive social impact. By supporting LGBT-owned businesses, your company is contributing to the economic empowerment of the LGBT community. In addition, being part of a diverse supply chain can help break down barriers and promote greater equity and justice.
How to Become LGBTE-Certified
To become LGBTE-certified, there are several steps you need to take:
- Determine Eligibility
The first step in becoming certified is determining eligibility. To be eligible, your business must be at least 51% owned and operated by LGBT individuals.
- Choose a Certification Agency
Once you’ve determined eligibility, you need to choose a certification agency. The National Gay & Lesbian Chamber of Commerce (NGLCC) is the largest LGBTE certification agency in the United States.
- Submit Application
After choosing a certification agency, you need to submit an application. The application process typically includes providing financial statements, tax returns, and other documentation to verify eligibility.
- Site Visit
As part of the certification process, the certification agency will conduct a site visit. This is to ensure that the business is owned and operated by LGBT individuals.
If the certification agency determines that the business meets the eligibility requirements, the business will be certified as an LGBTE-owned business.
Becoming LGBTE-certified can provide a variety of competitive advantages and BizCentral USA can help. Give us a call today at 833-217-9667.