Minority Business Enterprise Development Clause Samples
The Minority Business Enterprise Development clause is designed to promote the participation and growth of businesses owned by minorities within a contractual or procurement context. Typically, this clause sets specific goals or requirements for engaging minority-owned suppliers or subcontractors, and may require reporting or documentation to demonstrate compliance. Its core function is to foster diversity and equal opportunity in business dealings, addressing historical disparities and encouraging broader economic inclusion.
Minority Business Enterprise Development. Pursuant to Executive Order 12432 it is national policy to award a fair share of contracts to small and minority firms. NPS is strongly committed to the objectives of this policy and encourages all Cooperators of its Cooperative Agreements to take affirmative steps to ensure such fairness by ensuring procurement procedures are carried out in accordance with the Executive Order.