Minority-owned Business definition: Copy, customize, and use instantly

Introduction

The term "Minority-owned Business" refers to a business entity that is at least 51% owned, operated, and controlled by individuals from recognized minority groups. It is essential for ensuring eligibility for government programs, supplier diversity initiatives, and financial support.

Below are various examples of how "Minority-owned Business" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.

Definition of "Minority-owned Business" as a legally recognized business entity

This definition ties "Minority-owned Business" to legal recognition and certification.

"Minority-owned Business" means a business entity that is at least 51% owned, operated, and controlled by individuals belonging to a recognized minority group, as certified by relevant governmental or private agencies.

Definition of "Minority-owned Business" as a supplier diversity participant

This definition connects "Minority-owned Business" to supplier diversity programs.

"Minority-owned Business" refers to a business that qualifies for supplier diversity programs based on its ownership and operational control by individuals from minority groups.

Definition of "Minority-owned Business" as a federal contracting entity

This definition links "Minority-owned Business" to federal contracting opportunities.

"Minority-owned Business" means a business that meets the eligibility criteria for federal minority business contracting programs, such as the Small Business Administration’s 8(a) Program.

Definition of "Minority-owned Business" as a community development contributor

This definition applies "Minority-owned Business" to local economic impact.

"Minority-owned Business" refers to a business enterprise owned and controlled by minority individuals that contributes to economic development within historically underserved communities.

Definition of "Minority-owned Business" as a financial aid-eligible entity

This definition ties "Minority-owned Business" to financial support eligibility.

"Minority-owned Business" means a business that qualifies for grants, low-interest loans, or tax incentives aimed at promoting economic participation by minority entrepreneurs.

Definition of "Minority-owned Business" as an SBA-certified business

This definition connects "Minority-owned Business" to Small Business Administration certification.

"Minority-owned Business" refers to a business entity that has obtained official certification from the U.S. Small Business Administration as a minority-owned enterprise.

Definition of "Minority-owned Business" as a corporate vendor partner

This definition links "Minority-owned Business" to corporate supply chains.

"Minority-owned Business" means a business entity that meets corporate supplier diversity requirements, allowing it to participate in procurement contracts with major corporations.

Definition of "Minority-owned Business" as a historically underutilized business

This definition applies "Minority-owned Business" to underrepresented enterprises.

"Minority-owned Business" refers to a business designated as a Historically Underutilized Business (HUB), recognized for its ownership by members of minority groups facing systemic economic barriers.

Definition of "Minority-owned Business" as an economic equity initiative participant

This definition ties "Minority-owned Business" to economic equity efforts.

"Minority-owned Business" means a business enterprise that participates in public or private initiatives designed to close economic disparities for historically marginalized business owners.

Definition of "Minority-owned Business" as a business incubator participant

This definition connects "Minority-owned Business" to entrepreneurship programs.

"Minority-owned Business" refers to a business owned by minority individuals that is eligible for specialized business incubator programs offering mentorship, funding, and networking opportunities.

Definition of "Minority-owned Business" as a venture capital recipient

This definition links "Minority-owned Business" to investment opportunities.

"Minority-owned Business" means a business that qualifies for venture capital funding specifically designated for minority entrepreneurs.

Definition of "Minority-owned Business" as a nonprofit business entity

This definition applies "Minority-owned Business" to nonprofit enterprises.

"Minority-owned Business" refers to a nonprofit organization that is owned, managed, or founded by individuals from recognized minority groups and serves underrepresented communities.

Definition of "Minority-owned Business" as a state-certified business

This definition ties "Minority-owned Business" to state-level certification programs.

"Minority-owned Business" means a business entity officially recognized and certified by a state agency as being at least 51% owned, operated, and controlled by minority individuals.

Definition of "Minority-owned Business" as a municipal contractor

This definition connects "Minority-owned Business" to local government contracting.

"Minority-owned Business" refers to a business that meets the eligibility criteria for minority participation in municipal contracts and procurement programs.

Definition of "Minority-owned Business" as a socially and economically disadvantaged enterprise

This definition links "Minority-owned Business" to programs supporting disadvantaged businesses.

"Minority-owned Business" means a business that qualifies as socially and economically disadvantaged under federal and state guidelines due to its ownership and control by minority individuals.

Definition of "Minority-owned Business" as a tax-incentivized entity

This definition applies "Minority-owned Business" to tax benefits.

"Minority-owned Business" refers to a business entity eligible for tax credits or deductions based on its minority ownership and contribution to economic inclusion efforts.

Definition of "Minority-owned Business" as an export-oriented enterprise

This definition ties "Minority-owned Business" to international trade programs.

"Minority-owned Business" means a business that qualifies for minority-focused export assistance programs, enabling international market expansion.

Definition of "Minority-owned Business" as a technology startup

This definition connects "Minority-owned Business" to the tech industry.

"Minority-owned Business" refers to a technology-focused enterprise that is majority-owned and controlled by individuals from recognized minority groups.

Definition of "Minority-owned Business" as an innovation grant recipient

This definition links "Minority-owned Business" to research and development funding.

"Minority-owned Business" means a business eligible for research grants and innovation funding specifically allocated for minority entrepreneurs.

Definition of "Minority-owned Business" as a franchise holder

This definition applies "Minority-owned Business" to franchise ownership.

"Minority-owned Business" refers to a business that is a franchise unit owned and operated by individuals from minority groups, in compliance with diversity ownership guidelines.

Definition of "Minority-owned Business" as a construction industry participant

This definition ties "Minority-owned Business" to the construction sector.

"Minority-owned Business" means a construction firm that meets government and private-sector diversity requirements for minority contractor participation.

Definition of "Minority-owned Business" as a healthcare service provider

This definition connects "Minority-owned Business" to the medical and healthcare sector.

"Minority-owned Business" refers to a healthcare-focused business owned and controlled by individuals from minority groups, including medical practices, clinics, and suppliers.

Definition of "Minority-owned Business" as a manufacturing enterprise

This definition links "Minority-owned Business" to industrial production.

"Minority-owned Business" means a manufacturing company that is at least 51% owned, operated, and controlled by minority individuals and meets industry diversity standards.

Definition of "Minority-owned Business" as a professional services firm

This definition applies "Minority-owned Business" to consulting and advisory industries.

"Minority-owned Business" refers to a professional services firm, including legal, financial, and management consulting, that qualifies as minority-owned under relevant certification programs.

Definition of "Minority-owned Business" as a financial institution

This definition ties "Minority-owned Business" to banking and financial services.

"Minority-owned Business" means a financial institution, including banks and investment firms, that is primarily owned and operated by individuals from recognized minority groups.

Definition of "Minority-owned Business" as a hospitality industry enterprise

This definition connects "Minority-owned Business" to hotels, restaurants, and tourism.

"Minority-owned Business" refers to a business in the hospitality sector, such as hotels, restaurants, or travel services, that is majority-owned by minority individuals.

Definition of "Minority-owned Business" as an educational services provider

This definition links "Minority-owned Business" to the education sector.

"Minority-owned Business" means a business providing educational services, including training centers, tutoring, and academic institutions, that is owned and controlled by individuals from minority groups.

Definition of "Minority-owned Business" as an entertainment and media company

This definition applies "Minority-owned Business" to creative industries.

"Minority-owned Business" refers to a company in the entertainment, media, or publishing industries that is at least 51% owned and operated by minority individuals.

Definition of "Minority-owned Business" as a renewable energy provider

This definition ties "Minority-owned Business" to sustainability and clean energy.

"Minority-owned Business" means a company engaged in renewable energy production or services that meets minority ownership and certification requirements.

Definition of "Minority-owned Business" as a government-certified enterprise

This definition ties "Minority-owned Business" to official certification.

"Minority-owned Business" means a business that has been officially certified by a governmental or independent agency as being at least 51% owned, controlled, and operated by individuals from a recognized minority group.

Definition of "Minority-owned Business" as a participant in supplier diversity programs

This definition connects "Minority-owned Business" to corporate supplier initiatives.

"Minority-owned Business" refers to a business that qualifies for supplier diversity programs by maintaining at least 51% ownership and control by individuals from underrepresented racial or ethnic backgrounds.

Definition of "Minority-owned Business" as an entity eligible for federal contracts

This definition links "Minority-owned Business" to special contracting opportunities.

"Minority-owned Business" means a business that meets the eligibility requirements for federal, state, or local government contracts reserved for businesses owned and controlled by individuals from minority communities.

Definition of "Minority-owned Business" as a promoter of economic inclusion

This definition applies "Minority-owned Business" to broader economic impact.

"Minority-owned Business" refers to an entity primarily owned and operated by individuals from historically marginalized racial or ethnic groups, contributing to economic inclusion and community development.

Definition of "Minority-owned Business" as a small business development initiative

This definition ties "Minority-owned Business" to entrepreneurship programs.

"Minority-owned Business" means a business that qualifies for minority entrepreneurship programs, grants, and incentives based on its ownership and operational structure by individuals from recognized minority groups.