Minority Business Enterprise Meaning | UBS
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Minority Business Enterprise

What is Minority Business Enterprise?

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.

How do you qualify for MBEs?

  • US Citizenship
  • At least 51% of the company is controlled and run by a minority. One or more members of a minority group hold at least 51% of the stock of a publicly traded corporation.
  • The company must be a for-profit business with a physical presence in the United States or one of its trust territories.
  • The management and day-to-day activities must be under the control of the minority ownership member.

Benefits of being a Minority Business Enterprise (MBE)

  • Access to client and customer databases
  • Increased opportunities for business partnerships¬†
  • Workshops for training, management, and technical assistance¬†
  • Opportunities for networking¬†

Also, See: Employee Benefits Administration

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