A Minority-Owned Business is a company that is at least 51% owned, operated, and controlled by individuals from specific minority groups. These groups typically include African Americans, Hispanic Americans, Native Americans, Asian Americans, and Pacific Islanders. The classification aims to promote diversity and equal opportunities in the business landscape. These businesses often seek certification to access various resources, including government contracts and funding opportunities. Many organizations and programs exist to support minority entrepreneurs, helping them overcome challenges and succeed in competitive markets. This support can include mentorship, training, and networking opportunities.