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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
The Illinois Department of Commerce and Economic Opportunity (DCEO) is the code department [1] [2] of the Illinois state government that sponsors statewide economic development, with special emphases on increasing minority entrepreneurship, promoting the tourism industry, and recruiting Illinois as a location for business investment and film production.
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]
The NMSDC is a business growth engine for minority business owners. The resources it provides can help people of color gain access to contracts and create new business opportunities that can help ...
(The Center Square) – Small businesses in Illinois have access to new state funding from a capital grant program. Gov. J.B. Pritzker announced $10 million in grant funding that he said will help ...
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 ...
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.
In some cases there are different admission requirements for different demographics. For example: to study medicine at the University of Cape Town (UCT) , white and Indian students require at least a 78% average on their National Senior Certificate, whereas black students only requires 59%. [ 12 ]