Minority business

Minority business,

Definition of Minority business:

  1. 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 which include the increased number of government contracts or access to more resources.

Meaning of Minority business & Minority business Definition