NEW YORK--Nov. 15, 2005--Tradeware Global Corp., a leading provider of electronic trading technology that connects institutional investors and brokers to capital markets and exchanges around the world, today announced that the New York State Department of Economic Development has certified the Company as a Woman-Owned Business Enterprise. The designation makes Tradeware Global eligible to participate in public- and private-sector procurement opportunities awarded to businesses owned by women and minorities.
"We are pleased to represent a segment of the American economy that is responsible for significant growth in employment and revenue," said Tradeware Global Founder and Chief Technology Officer Kerry Smithers, who started the Company in 1993. "This influential certification opens important new avenues for Tradeware Global, and reflects the State's efforts to create a more diverse and competitive universe of small businesses."
A Woman-Owned Business Enterprise is defined as any business enterprise which is at least 51 percent owned by citizens or permanent resident aliens who are women. Such ownership interest must be real, substantial and continuing. The women-owned ownership must have and exercise the authority to independently control the business decisions of the entity.
According to the U.S. Census Bureau's 2002 Survey of Business Owners, minority groups and women are increasing their business ownership at a much higher rate than the national average. The latest survey indicates there were 6.5 million women-owned businesses in 2002, up 20 percent from 1997 and generated $950.6 billion in sales and receipts.
New York State's Division of Minority- and Women-Owned Business Development (MWBD) helps the state's minority and women's business community to access all the services offered by Empire State Development (ESD) and other financial assistance for established businesses, leveraging capital to achieve the best results at lower costs.