Definitions for "Minority Business Enterprise" Add To Word List
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A small business enterprise that is at least 51 percent owned by one or more minorities or, in the case of a publicly owned business, at least 51 percent of all classes or types of the stock is owned by one or more minorities and whose management and daily business operations are controlled by one or more minorities.
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A business which is 51% owned and operated by a person or people in one or more of the following minority groups: African American (black), Hispanic American (Mexican, Caribbean Islander, Central or South American, other Portuguese or Spanish origin), Asian American (including Pacific Islander), or American Indian (including Alaskan Native) and Socially and Economically Disadvantaged. Woman Business Enterprise Female or a disabled person is not a minority, unless the female or disabled person is also a member of one of the aforementioned minority groups. Disabled-Owned Business Enterprise A business which is 51% owned and operated by a person with a disability (or people with disabilities). close window
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a business that is at least 51 percent owned/operated/ controlled by: African American (ethnic origins in any of the black racial groups of Africa) Hispanic American (ethnic origins in any of the Spanish-speaking areas of Latin America or the following regions: Mexico, Central America, South America, and the Caribbean basin only) Asian-Pacific American (ethnic origins in Japan, China, Taiwan, Korea, Vietnam, Laos, Cambodia, the Philippines, Samoa, Guam, the U.S. Trust Territories of the Pacific, or the Northern Mariana Islands) Asian-Indian American (ethnic origins in India, Pakistan, or Bangladesh) Native American (a person who is American Indian, Eskimo, Aleutian, or native Hawaiian, and regarded as such by the community of which she or he claims to be a part)
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A minority has 51% ownership of a business.
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A business owned and operated by one or more individuals who are defined as minorities under U.S. Department of Transportation regulations. See also " disadvantaged business enterprise."
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