Minority Owned Business
A minority owned business must be certified as such and can receive certain advantages in government contracts from that certification. Ownership by minority individuals means the business is at least 51% owned by such individuals or, in the case of a publicly owned business, at least 51% of the stock is owned by one or more such individuals (i.e. the management and daily operations are controlled by those minority group members.). Minority group members are United States citizens who are Asian-Indian, Asian-Pacific, Black, Hispanic and Native American.