Lets Know a Bit More About MBE Certification
In the United States, there is a significant disparity in access to business opportunities and resources among different racial and ethnic groups. To address this issue, the federal government established the Minority Business Enterprise (MBE) program in 1969. The MBE program aims to promote the growth and development of minority-owned businesses by providing them with access to contracts, capital, and other resources. The MBE program is administered by the Minority Business Development Agency (MBDA), which is part of the U.S. Department of Commerce. To be certified as an MBE, a business must be at least 51% owned, operated, and controlled by one or more individuals who are members of a minority group. The MBDA defines minority groups as African Americans, Hispanic Americans, Native Americans, Asian Pacific Americans, and Subcontinent Asian Americans. The benefits of being certified as an MBE are numerous. First and foremost, MBE certification can open up new business opportunities fo