VeriFacts Announces Women-Owned Business Certification

VeriFacts Inc., an ACA International member in Sterling, Ilinois, is pleased to announce its certification as a woman-owned business. The certification process was performed by Women’s Business Enterprise National Council (WBENC), a nationally recognized nonprofit organization. Certified Women-Owned Businesses (Women’s Business Enterprises or WBEs)—particularly Women-Owned Small Businesses (WOSBs) such as VeriFacts—are eligible through certain corporate, state and federal programs for targeted development initiatives. These incentives often extend to business partners and clients of WOSBs through various tax and market benefits. 

“We’re so pleased to share the news of our certification with our current clients and future partners who may receive federal tax accommodations for using a woman-owned business. Using a woman-owned company for labor or services funded by federal/state grants or loans can greatly reduce tax liabilities,” VeriFacts CEO Stephanie Clark said. “Additional advantages to partnering with a WBENC-certified business include reaping the shared benefit of increased relationships and partnerships through related diverse companies.”

WBENC Certification

The WBENC certification process requires a business to be thoroughly vetted as at least 51% owned, controlled, operated and managed by a woman or women.

Specifically, one or more women must have “unrestricted control of the business in legal documents and day-to-day operations,” which must be validated through extensive documentation and a site visit. According to the certified business, the process is lengthy and “intensely scrutinized” because of being a highly valued certification. 

WOSB Certification

VeriFacts was able to obtain not only WBENC certification but also WOSB certification through the U.S. Small Business Administration. This allows the company to participate in the WOSB Federal Contracting Program as intended by the 2015 National Defense Authorization Act. The certification process has recently become more stringent in oversight and validation due to requirement updates made in 2020 and the increase in stimulus funds made available to various qualifying small businesses. 

“Being certified offers many advantages to our business, such as preference for contracts with government entities,” Clark said. “It opens up new doors for us in the form of training workshops, technical guidance and increased business partnership opportunities.” 

Additional types of SBA certifications include HUBZone, Veteran-Owned, and Minority-Owned, among others. Small businesses interested in Small Business Administration certifications and other small business opportunities can visit SBA.gov to learn more. 

If you have executive leadership updates or other member news to share with ACA, contact our communications department at [email protected]. View our news submission guidelines here.

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