Minority Business Enterprise (MBE) definition
A term used in the United States, referring to a company that’s at least 51 percent owned, managed and operated by at least one of the following groups:
- African Americans
- Hispanic Americans, although not of the Iberian peninsula
- Asian Americans, including West Asian and East Asian Americans
- Native Americans including Aleuts
Minority business enterprises are typically certified by a city, state or federal agency, with the main certifier being the National Minority Supplier Development Council. MBEs can self-identify but this will not lead to official certification.