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What qualifies a business as minority-owned?

April 26, 2017Business minority-owned qualifies

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What qualifies a business as minority-owned?

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The term “minority-owned business” shall mean a business that is at least 51 percent owned by one or more minority individuals or in the case of a publicly-owned business, at least 51 percent of the stock of which is owned by one or more individuals whose management and daily business operations are controlled by one or more minority individuals.