minority-owned
Diverse ownership status
Minority-owned describes a business where the majority stake belongs to members of a racial or ethnic minority group.
The designation often matters for government contracts, grants, and corporate supplier diversity programs that aim to direct business toward historically underrepresented groups: The city requires that 15% of contracts go to minority-owned firms.
Similar certifications exist for women-owned and veteran-owned businesses.
One who starts businesses
- small businessModest independent commercial venture
- certificationAttestation of qualification
- procurementObtaining goods externally
- contractingReducing in volume
vendor · enterprise · storefront · startup · proprietor · founder · commerce · MBE
Being made part
- representationDepiction or likeness
- equityImpartial treatment or ownership value
- corporate responsibilityCompany's ethical and social obligations
- affirmativeExpressing agreement or consent
underrepresented · multicultural · demographic · workforce · stakeholder · partnership
Gaining authority or confidence
- community developmentOrganized local betterment efforts
- fundingSupplying monetary resources
- investmentDeploying capital for returns
- grantsAwarded funds for purposes
wealth building · loans · microfinance · financial equity · opportunity gap · underserved · economic mobility · generational wealth
Proving something accurate
- registryOfficial record of entries
- self-certificationDeclaring one's own compliance
- documentationWritten proof or instructions
- eligibilityState of meeting criteria
compliance · government contract · federal · state · municipal · directory · application · renewal
entrepreneur
One who starts businesses
- small businessModest independent commercial venture
- certificationAttestation of qualification
- procurementObtaining goods externally
contracting · vendor · enterprise · storefront · startup · proprietor · founder · commerce · MBE · disadvantaged
inclusion
Being made part
- representationDepiction or likeness
- equityImpartial treatment or ownership value
- corporate responsibilityCompany's ethical and social obligations
affirmative · underrepresented · multicultural · demographic · workforce · stakeholder · partnership
empowerment
Gaining authority or confidence
- community developmentOrganized local betterment efforts
- fundingSupplying monetary resources
- investmentDeploying capital for returns
wealth building · grants · loans · microfinance · financial equity · opportunity gap · underserved · economic mobility · generational wealth · reinvestment
verification
Proving something accurate
- registryOfficial record of entries
- self-certificationDeclaring one's own compliance
- documentationWritten proof or instructions
eligibility · compliance · government contract · federal · state · municipal · directory · application · renewal · audit