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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
Minority-owned businesses make up about half of all the new businesses created in the last decade. According to the 2022 Annual Business Survey from the U.S. Census Bureau, 1.2 million or 21 ...
The week is formally celebrated each year by the Minority Business Development Agency, a U.S. government agency housed within the U.S. Department of Commerce. [7] On October 20, 2017, President Donald Trump issued a proclamation which officially designated October 22 through October 28, 2017 as National Minority Enterprise Development Week. [8] [9]
Black-owned businesses saw a surge in interest beginning at the height of the 2020 summer protests in response to the death of George Floyd. Searches for Black owned businesses ...
Key statistics. There are over 161,000 Black-owned businesses in the U.S., according to the Census Bureau.. Black-owned businesses employed 1.4 million employees in 2021.
The Minority Business Development Agency holds an awards ceremony each year during National MED Week to recognize the contributions of minority-owned businesses in a variety of industry categories. [8] [9] These awards include: Minority Business Enterprise of the Year; Minority Construction Firm of the Year; Minority Export Firm of the Year
Site Selection magazine, a location assistance publication, has awarded the state of Ohio its fourth consecutive Governor's Cup Award for leading the nation in new and expanded facilities in 2009. [3] The "Why Ohio" advertising campaign was noted by the business and advertising communities. [4] Other awards include: The Communicator Awards (2008)
The agency itself, formed in 1969 by then-President Richard Nixon as the Office of Minority Business Enterprise and made permanent in 2021, was the primary defendant in the case.
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