Minority Business Enterprise (MBE) Definition
A minority business enterprise is a for-profit business that is at least 51% minority-owned and operated, as defined by the U.S government.
MBE Extended Definition
To be defined as a minority business enterprise, the business must establish ownership as real, substantial, and continuing. This may entitle the business to various perks, opportunities to bid on new projects before other companies, additional funding sources, or certain tax breaks in some states.
Last Updated By
Jenna Hutkowski | Apr 28, 2023