What constitutes a minority-owned business?
Answer. A minority-owned business is a business enterprise that is at least 51% owned by a minority individual or groups; or, in the case of any publicly owned business, at least 51% of the stock of which is owned by one or more minority groups, and whose management and daily business operations are controlled by one or more of those individuals. The contracting utility shall presume that minority includes, but is not limited to, African Americans, Hispanic Americans, Native Americans, Asian Pacific Americans, and other groups (whose members are found to be disadvantaged by the Small Business Administration pursuant to Section 8(d) of Small Business Act.
