Minority group members are United States citizens who are Asian, Black, Hispanic and Native American. Ownership by minority individuals means the business is at least 51% owned by such individuals or, in the case of a publicly-owned business, at least 51% of the stock is owned by one or more such individuals i.e. the management and daily operations are controlled by those minority group members.
Minority Business Executives (MBEs) have access to numerous benefits and services – including educational programs plus a wide range of networking opportunities. This section briefly outlines some of those benefits.
- Access — Means MBEs doing business with MBEs and forming joint venture for success.
- Business Opportunity Fairs — Allow minority entrepreneurs to present themselves to hundreds of prospective buyers in a single setting.
- Customized executive education — Concentrates training and technical assistance into leadership tools for CEOs of minority-owned firms.
- Networking opportunities — Provide expansion of relationship-building opportunities with corporate buyers.
And a variety of other formal and informal activities to foster the development of long-term, mutually beneficial business relations – bringing corporate purchasing people together with representatives of minority businesses.