A minority business enterprise (MBE) is a certification designation offered by the NMSDC (National Minority Supplier Development Council) to for-profit US-based companies owned and operated by one or more than one minority.
In other words, MBE is the term used for companies that are at least 51% owned and operated by minority group members of the United States, including African Americans, Asian Americans, Hispanic Americans, and Native Americans, including Aleuts. For small businesses doing business with the federal government, the SBA (Small Business Administration) offers a minority business designation.
Also, See: Employee Benefits Administration
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