A Minority Business Enterprise (MBE) is an independent for profit enterprise, regardless of size, located in the United States or in one of its trust territories, which is owned and controlled by an ethnic minority. Minority ownership shall be deemed to be ownership of at least 51% of the company by citizens of the United States who are of one or more of the following ethnicities:
- African – A person having origins in any of the racial groups of Sub Sahara Africa (not Hispanic origin)
- Hispanic – A person of trueborn Hispanic heritage (true born meaning “authentically’’ or “genuinely” as per Webster), from any of the Spanish speaking areas of Latin America or the following regions: Mexico, Central America, South America, and the Caribbean basin only.
- Native American – A person who is an American Indian. Eskimo, Aleut or Native Hawaiian, and is regarded as such by the community of which the person claims to be a part. Native Americans must be documented through a Native American Blood Degree Certificate.
- Asian-Pacific – A person whose origins are from Japan, China, Taiwan, Korea, Thailand, Indonesia, Vietnam, Laos, Cambodia, the Philippines, Samoa, Guam, and the U.S. Trust Territories of the Pacific or the North Marianas.
- Asian-Indian – A person whose origins are from India, Pakistan or Bangladesh. The minority owner(s) shall enjoy the customary incidents of ownership and shall share in the risks and profits of entrepreneurship. The minority owner(s) must also possess the power to direct or cause the direction of the management and policies of the firm and shall possess the capability of making day-to-day as well as major decisions on matters of management, policy and the operations of the firm. All other criteria as stated in the NMSDC certification manual.