Minority Business Enterprises means any small business concern as defined in subsection (1) which is organized to engage in commercial transactions, which is domiciled in Florida, and which is at least 51% owned by minority persons who are members of an insular group that is of a particular racial, ethnic, or gender make-up or national origin, which has been subjected historically to disparate treatment due to identification in and with that group resulting in an under-representation of commercial enterprises under the group’s control, and whose management and daily operations are controlled by such persons. A minority business enterprise may primarily involve the practice of a profession. Ownership by a minority person does not include ownership which is the result of a transfer from a nonminority person to a minority person within a related immediate family group if the combined total net asset value of all members of such family group exceeds $1 million. For purposes of this subsection, the term “related immediate family group” means one or more children less than 16 years of age and a parent of such children or the spouse of such parent residing in the same house or living unit.

Minority Business Enterprises means any small business concern as defined in subsection (1) which is organized to engage in commercial transactions, which is

Examples of Minority Business Enterprises in a sentence

This Contract includes the provisions of the Awarding Authority's program relating to Goals for Participation by Minority Business Enterprises and Women Business Enterprises attached as Appendix B to these General Conditions of the Contract and incorporated herein by reference.
The Arlington County Human Rights Ordinance, the Virginia Public Procurement Act, and relevant Federal and State Laws, orders and regulations, require Arlington Public Schools to ensure that its procurement practices are non-discriminatory and promote equality of opportunity for Small and Minority Business Enterprises.

More Definitions of Minority Business Enterprises

Minority Business Enterprises means any small business concern as defined in subsection

Minority Business Enterprises. [MBE] means a business enterprise that is owned or controlled by one or more socially or economically disadvantaged persons. Such persons include, but not limited to; Blacks, Puerto Ricans, Spanish-speaking Americans, American Indians, Eskimo, and Aleuts. The Contractor may rely on written presentations by subcontractors regarding their status as a minority business enterprise.

Minority Business Enterprises or “MBE” means small business enterprises whose owners are rebuttably presumed to be socially and economically disadvantaged individuals, who are citizens of the United States or legal permanent residents, and who are members of a definable minority group that own and control the business.

Minority Business Enterprises or “MBE” means any legal entity, other than a joint venture, that is (a) at least fifty-one percent (51%) owned and controlled by one or more minority person(s), organized to engage in commercial transactions, and (b) duly certified as an MBE by either the Maryland Department of Transportation (MDOT), the Prince Xxxxxx’s County Supplier Development and Diversity Division (SDDD), or the Washington Metropolitan Area Transit Authority (WMATA). Minority person means a member of a socially or economically disadvantaged minority group which includes African American/Black (not of Hispanic origins), Asian American, Native American, Women, Hispanic, Physically and Mentally Disabled, and not- for‐profit entities organized to promote the interests of the physically or mentally disabled individuals and those that are accredited by the Department of Education, Division of Rehabilitation, as Community Rehabilitation Programs.