Minority Business Enterprise (MBE)

For purposes of this program, an independent, state-based concern which is at least 51% owned, operated and controlled by minority group member(s) who are U.S. citizen(s). The business must meet the following requirements:

  1. The minority group member(s) ownership interest in the firm must be real, substantial and continuing. Such interest is characterized by:
    1. Risk of loss/share of profit commensurate with the proportional ownership and
    2. Receipt of the customary incidents of ownership, such as salary and/or intangible benefits.

  2. The business must perform a useful business function according to custom and practice in the industry. For example, acting merely as a conduit of funds to a non-minority firm when that is unnecessary to accomplish the business transaction does not constitute a "useful business function according to custom and practice in the industry."

Minority Group Member

For purposes of this program, an individual who is at least ¼, or 25%, minimum (documentation to support claim of 25% would be required from applicant) of the following: