A minority-owned business is a for-profit enterprise, regardless of size, physically located in the United States or its trust territories, which is owned, operated and controlled by minority group members. "Minority group members" are United States citizens who are Asian, Black, Hispanic and Native American.
To become certified as a woman owned business, businesses must show:
- All prospective members must provide clear and documented evidence that at least 51% or more is women-owned, managed, and controlled.
- The business must be open for at least six months.
- The business owner must be a U.S. citizen or legal resident alien.