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Minority-Owned Business (MBE)
A business enterprise that is at least 51 percent owned by a minority individual or group (see classifications below) or, in the case of a publicly owned business, at least 51 percent of the stock must be controlled by a minority individual or group. Owner(s) must be actively engaged in the management and daily operations of the firm.
Owner(s) must be a U.S. citizen or legal resident alien.
Minority classifications include:
- African American - Person(s) having origins in any black racial groups of Africa
- Hispanic American - Person(s) of Mexican, Puerto Rican, Cuban, South American, Central American, Caribbean, and other Spanish culture or origin
- Native American - Person(s) having origin in any of the original peoples of North America or the Hawaiian Islands, in particular American Indians, Eskimos, Aleuts, and Native Hawaiians
- Asian Pacific American - Person(s) having origins in Asia or the Indian subcontinent, including but not limited to Japan, China, the Philippines, Vietnam, Korea, Polynesia, Samoa, Guam the U.S Trust Territories of the Pacific, Northern Marianas, Laos, Cambodia, Taiwan, India, Pakistan, and Bangladesh
- Other - Members are found to be disadvantaged by the Small Business Administration pursuant to Section 8(a) of the Small Business Act.
- Women-Owned Business (WBE) - A business enterprise that is at least 51% owned by a woman or women or, in the case of any publicly owned business, at least 51% of the stock of which is owned by one or more women, and whose management and daily business operations are controlled by one or more women.
Owner(s) must be a U.S. citizen or legal resident alien. - Service-Disabled Veteran-Owned Business (DVBE) - Owner(s) must be veteran of the military, naval, or air service of the United States with a service-connected disability and must be a resident of the state of California.
- SBA 8(a) Program Business (8(a)) - A business enterprise that has met the basic requirements for admission to the 8(a) Business Development program. The basic requirements include being a small business which is unconditionally owned and controlled by one or more socially and economically disadvantaged individuals.
Expose as Block
No