Women Owned. Milo's Tea Company, Inc. became a certified Women Owned business in 2009, and we are renewing our certification for the 15th year right now. Certification is a rigorous process. The WBENC (Women's Business Enterprise National Council) audits all aspects of your operations to validate you are majority owned (>50%) and controlled by a women (highest officer must be a woman who works, not just has a title).
At this point, most retailers in America have supplier diversity programs, and over the years we have leveraged these to help get our foot in the door and strengthen our relationships with key customers. It's a big lift for smaller brands to learn how to do business with massive retailers while competing with global CPGs with seemingly unlimited resources. Effective supplier diversity programs help navigate some of these barriers. And, I can say with confidence that these resources were instrumental in giving us an opportunity so that we could grow into the #1 refrigerated tea and fastest growing lemonade brand in America. (That's me back in 2015 at the WBENC Conference where Walmart celebrated our extra sweet story at the conference - and we've been winning in partnership ever since).
Despite the amazing work of so many talented supplier diversity teams, women owned businesses have a long way to go. According to the SBA’s latest Annual Business Survey, there are about 12 million women-owned businesses in the U.S., employing over 10 million people and adding over 2.6 TRILLION to the GDP. Yet, women owned companies make up a very small amount of awarded capital, and that is especially true for black women owned businesses.
Woman owned and minority owned businesses are still underrepresented and we need to help each other get there. As we close out Women's History Month today, please consider supporting diverse businesses today. Elevating historically marginalized people creates stronger communities for EVERYONE! And, I happen to think that's extra sweet, y'all.
#DrinkMilos #BrewingALegacy
Retired Nat'l Account Executive at EA Sween/Deli Express
3wMaddie is just a wonderful person and very sharp in any work environment!