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How to Qualify for Certification as a Minority-Owned Business

Lynnette Khalfani-Cox, The Money Coach by Lynnette Khalfani-Cox, The Money Coach
in Entrepreneurship
Reading Time: 1 min read
How to Qualify for Certification as a Minority-Owned Business

Are you a minority-owned business? Think about getting certified.

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A Minority Business Enterprise (MBE) is any business that is at least 51% owned, operated and controlled by an American citizen or citizens of the following ethnic groups:

  • African American
  • Asian American
  • Latino/Hispanic American
  • Native American

The primary place to get certified as a minority-owned business is the National Minority Supplier Development Council.

About the NMSDC

NMSDC has about 40 regional councils, or affiliate offices, around the United States.

Small business owners get certified by the council that is closest to their business.

The goal of NMSDC is to provide increased procurement and business opportunities for minority businesses of all sizes.

For the purposes of NMSDC’s program, an individual is considered a minority if he or she is at least 1/4th Black, Asian, Hispanic or Native American.

Learn additional information about the benefits of getting certified as a minority-owned business from the U.S. Department of Commerce’s Minority Business Development Agency, which also has resources on everything from financing opportunities to landing government contracts.

Tags: minority-owned businessNational Minority Supplier Development CouncilSmall Business
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About

Lynnette Khalfani-Cox, The Money Coach®, is a personal finance expert, speaker, and author of 15 money-management books, including the New York Times bestseller Zero Debt: The Ultimate Guide to Financial Freedom.

Lynnette has been seen on more than 1,000 TV segments nationwide, including television appearances on Oprah, Dr. Phil, The Dr. Oz Show, The Steve Harvey Show, Good Morning America, The TODAY Show and many more.

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