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Minority Owned Businesses Law and Legal Definition ...

To qualify as a minority-owned business, the Census Bureau explained, 51 percent or more of the stock or equity of the business must be owned by a person or persons of the minority group being measured. The following figures on minority-owned businesses in the United States, as of 2002, are from Census Bureau data and reports.…

Minority business enterprise - Wikipedia

Minority business enterprise (MBE) is an American designation for businesses which are at least 51% owned, operated and controlled on a daily basis by one or more (in combination) American citizens of the following ethnic minority and/or gender (e.g. woman-owned) and/or military veteran classifications: [citation needed] African American…

Definition of Minority-Owned and Women-Owned Businesses

Definition. To be considered for our Supplier Diversity Program, you must maintain current certification by an accepted certifying body as a minority or women-owned business enterprise. For Macy’s, the accepted third party certifying organizations are the National Minority Supplier Development Council (NMSDC) or affiliate, the Women’s ...…

What is minority business? definition and meaning ...

minority business: A business at least 51% owned and/or operated by at least one personage of an ethnic or economically disadvantaged group (e.g., African-American, Hispanic, Asian) as defined by the United States or the individual state. Such businesses are usually certified by the federal, state, or municipal government, the advantages of ...…