Minority Business Enterprise
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How does the state define Minority Business Enterprise? Minority Business Enterprise means a small business concern that meets the following requirements:
- Owned and controlled by one or more minorities
- Owned and controlled means a business is at least 51 percent owned by one or more minorities
- In the case of a publicly owned business, at least 51 percent of all classes or types of the stock is owned by one or more minorities;
- And whose management and daily business operations are controlled by one or more minorities.
- Authorized to do business under the laws of this state
- Paying all taxes duly assessed
- Domiciled within this state
POLICY & PROCUREMENT
Minority Business Development Agency (MBDA) from the U.S. Department of Commerce is the federal government’s group that monitors and contributes to public policy of all minority businesses.
The National Minority Supplier Development Council (NMSDC) is a private, national non-profit group that contributes to and monitors public policy.
MENTORING AND TRAINING
More on Georgia’s Mentor Protégé Connection ▶
THESE ORGANIZATIONS HELP START-UP BUSINESSES WITH 0-5 EMPLOYEES
The Georgia DBE (Disadvantaged Business Enterprises) Association, Inc. was established to serve as a networking organization for minority owned businesses, corporations, government contractors and those individuals and companies looking to conduct business with the Georgia Department of Transportation’s subcontractors.
Georgia Minority Supplier Development Council (GMSDC) a corporate member-based organization to foster and expand economic opportunities between Minority Business Enterprises (MBEs), corporations and government entities within Georgia.
Minority Business Development Agency (MBDA) Business Center, Atlanta helps facilitate your company’s growth, connects you to the global marketplace and helps your business succeed.
The Office of Minority Business Development (OMBD) identifies procurement opportunities, locates sources of capital and supports outreach efforts of minority business people around the state.
The Hispanic American Center for Economic Development (HACED) provides assistance to advance the formation and growth of Hispanic businesses throughout Georgia.
US Pan Asian American Chamber of Commerce represents the common interests of all Asian Americans and Asian American-related groups in business, sciences, public and community services, the arts, sports and education.
The Office of Native American Affairs is solely dedicated to developing American Indian and Native Hawaiian economic self-sufficiency through business ownership.
Black Chamber of Commerce is dedicated to promoting and advancing public policy issues and programs that will serve to strengthen and enhance the economic climate in which Black businesses operate statewide.
Atlanta Urban Business League’s The Entrepreneurship Center works with private, public and nonprofit resources to build strong, sustainable and successful minority businesses.