Minority-Owned Enterprises
Minority-Owned Enterprises are businesses that are 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 goal of recognizing these enterprises is to promote diversity and equal opportunities in the business landscape.
These businesses often face unique challenges, such as limited access to capital and resources. To support them, various programs and initiatives exist, including government certifications and funding opportunities. By fostering minority-owned enterprises, communities can enhance economic growth and create a more inclusive marketplace.