Certification for Minority-Owned Businesses (MBE) : Definition, Challenges and Benefit
Small minority and women-owned businesses that meet the MBE program's eligibility criteria are encouraged to apply for certification. Eligibility depends on minority status, ownership, control, size and personal net worth of the minority owner(s). The certification process is organized in such a way that only companies that meet all the requirements of state law are eligible to participate in the program. Certification for Minority-Owned Businesses The good news is that you don't have to tackle this alone. There are programs designed specifically for minority business owners that can propel their companies forward. If you haven't obtained certification as a minority-owned business yet, you're missing out on growth opportunities. What is Minority-Owned Business Certification? Minority-Owned Business Certification, also known as Minority Business Enterprise (MBE) certification, is the official recognition that a company is owned by individuals or groups from specific min