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This question is about entrepreneur certifications.
What is an MBE certification?
A MBE certification is a certification in the business field that proves that a company or business is owned and operated by a minority. It stands for Minority Business Enterprise. This certification is administered by the Small Business Administration, state or local governments, and private sector organizations.
To qualify for this certification a company must meet these requirements:
The company or business must be at least 51% minority-owned and operated by one of the recognized United States minority groups
All daily operations and management must be run by the minority ownership members of the company
The company must be a for-profit business that is located in the United States or trust territories
Here are the recognized minority groups in the United States eligible for this certification:
Hispanic/Latino Americans
Black/African Americans
Asian Americans
Arab/Middle Eastern Americans
Native Americans
Alaska Natives
Native Hawaiians/Pacific Islanders
The MBE certification indicates that a company or business is truly owned and operated by a minority group or groups. It confirms the legitimacy of claims made by a company on having minority ownership.
The National Minority Supplier Development Council (NMSDC) is a private sector organization that offers the MBE certification.
When obtained through the NMSDC, the benefits include:
Management training programs
Special loan programs
Business opportunity fairs
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