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BoggleMinority business enterprise
From Wikipedia, the free encyclopedia
(Redirected from Minority-owned business)
A Minority Business Enterprise (MBE) is an American term which is defined as a business which is at least 51% owned, operated and controlled on a daily basis by one or more (in combination) American citizens of the following ethnic minority classifications:
- African American
- Asian American (includes West Asian Americans (India etc.) and East Asian Americans( Japan Korea etc.)
- Hispanic American - not of the Iberian peninsula.
- Native American including Aleuts
MBE's can be self identified, but are typically certified by a city, state or federal agency. The predominant certifier for minority businesses is the National Minority Supplier Development Council with its 35-40 regional affiliates.
Purpose:
Many MBE's believe that the benefit of being an MBE is acquisition of contracts via government mandated MBE requirements, but that would be a shallow view of the MBE status. The purpose of the MBE designation is to partner with larger firms to gain access to the resources that most MBE's do not have access to.
Miscellaneous links
- Compliance News A national internet publication that promotes the interests of Minority owned, women owned, disadvantaged and disabled veteran owned businesses. It provides lists of federal and state jobs that are looking to hire companies with these state and federal certifications.
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