What Qualifies as a Minority Owned Business?
According to the government definition, a minority-owned firm is one that is 51% owned by a U.S. citizen who is: Black American – United States citizen having origins in any of the Black African racial groups. Asian-Pacific American – United States citizen whose origins are in Japan, China, the Philippines, Vietnam, Korea, Samoa, Guam, the U.S. Trust Territory of the Pacific Islands (Republic of Palau), the Northern Mariana Islands, Laos, Kampuchea (Cambodia), Taiwan, Burma, Thailand, Malaysia, Indonesia, Singapore, Brunei, Republic of the Marshall Islands, or the Federated States of Micronesia. Hispanic American – United States citizen of Spanish culture whose origins are from Mexico, South America, Central America or the Caribbean Island, regardless of race. Native American – American Indian, Eskimo, Aleut, and Native Hawaiian. Woman-Owned Business: Is a disadvantage business with at least 51% owned by one or more women, and the management and daily business operations of which are c
