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Quick Look at Diverse Business Classifications

Minority-owned

Often referred to as Minority Business Enterprise (MBE)

This refers to an independent business that is at least fifty-one percent (51%) owned, controlled, managed and operated by a person of Asian-Indian, Asian-Pacific, Black, Hispanic or Native American descent.

Women-owned

Often referred to as Women’s Business Enterprise

An independent business that is at least fifty-one percent (51%) owned, controlled, managed and operated by one or more women.

Disability-owned

An independent business that is at least fifty-one percent (51%) owned, controlled, managed and operated by individuals with a disability or service-disabled veterans.

Veteran-owned

An independent business that is at least fifty-one percent (51%) owned, controlled, managed and operated by individuals with a veteran.

LGBT-owned

An independent business that is at least fifty-one percent (51%) owned, controlled, managed and operated by LGBT persons.

HUB-zone

An independent business that has at least 35% of its employees residing in a historically underutilized business zone (as defined by the Small Business Administration).

Small businesses

The Small Business Administration, defines a "small business" either in terms of the average number of employees over the past 12 months, or average annual receipts over the past three years. Size standards vary per industry.  Visit the SBA website to learn more.