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A federal judge in Texas has ordered a 55-year-old U.S. agency that caters to minority-owned businesses to serve people regardless of race, siding with white business owners who claimed the ...
A federal judge in Texas has ruled that the U.S. Minority Business Development Agency, founded during the Nixon administration, must avail itself to disadvantaged entrepreneurs of all races and ...
In a four-year span from 2018 to 2022, contracts to African American-owned businesses went from below 1.0 percent to 5.9 percent, contracts to Hispanic-owned businesses went from 6.7 percent to 8. ...
Minority business enterprise (MBE) is an American designation for businesses which are at least 51% owned, operated and controlled on a daily basis by one or more (in combination) American citizens of the following ethnic minority and/or gender (e.g. woman-owned) and/or military veteran classifications: [citation needed] African American
By the 1970s, federal programs to promote minority business activity provided new funding, although the opening world of mainstream management attracted a great deal of talent. In urban areas, North and South, the size and income of the black population was growing, providing openings for a wide range of businesses, from barbershops [ 15 ] to ...
The Houston Business Journal named ZT Corporate number four on the list of the largest Houston-area venture capital and private equity firms for 2023, [33] number one on the list of 2023’s largest Houston-area minority-owned businesses, [34] and number one on the 2023 list of the largest Houston-area Asian-owned businesses. [35]
According to the 2022 Annual Business Survey from the U.S. Census Bureau, 1.2 million or 21 percent of employer firms are minority-owned. They’ve helped create nearly five million new jobs and ...
Minority entrepreneurship refers to entrepreneurial activity (new business creation) by individuals who belong to a minority group.In the United States, minority groups often include people who identify as African American, Hispanic, or indigenous; these social groups do not own businesses at a rate commensurate to their share of the population.