what is a minority owned business
A minority-owned business is defined as being owned, capitalized, operated and controlled by a member of an identified minority group. The business must be a for-profit enterprise which physically resides in the United States or one of it territories.Identified Minority groups are generally defined as having an ethnic background consisting of Asian, Black, Hispanic, East Asian Indian and/or Native American.he business must be a for-profit enterprise which physically resides in the United States or one of it territories. Identified Minority groups are generally defined as having an ethnic background consisting of Asian, Black, Hispanic, East Asian Indian and/or Native American.