Minority business enterprise

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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:

  1. African American
  2. Asian American (includes West Asian Americans (India, etc.) and East Asian Americans (Japan, Korea, etc.))
  3. Hispanic American - Persons with origins from Latin America,South America,Portugal and Spain.(SBA.gov)
  4. Native American including Aleuts

According to the U.S. Small Business Administration, minorities own more than 4.1 million firms, and account for nearly $700 billion in revenues.

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.