Benefits for Partnership With Minority A Business

"Minority," as defined by federal statutes related to business, includes people who are African-American, Alaskan Native, American Indian, Asian-American, Hispanic and women. Minority-owned business operations, also using the label "minority business enterprise," are companies with minorities controlling 51 percent of the firm's operations. 

Benefit #1: tax incentives

The federal government provides tax breaks for businesses that use minority companies in procuring materials and supplies. A second tax incentive reduces tax liabilities for companies using minorities that supply labor or services to a project funded with federal or state grants or loans.

Benefit #2: Diversifies Your Suppliers 

When partnering with a 1 Lucky 7 Logistics, LLC, you gain access to multiple channels for goods and services which allows you to analyze various factors and choose what options are the best fit for your company’s needs. Increasing your partnerships with minoirty businesses gives you the added benefit of building relationships with suppliers’ alliances.

Benefit #3: Shows Your Company’s Interest in Working in Diverse Markets

By working with a minority-owned business you show your company’s commitment to working in diverse markets and furthering economic growth in local communities. As a supporter of supplier diversity, your business becomes more attractive to corporations who are seeking second-tier source suppliers that work with a minority-owned businesses.