Department of Minority, Women-Owned and Small Business Enterprises
160 S. Hollywood Street, Suite 318
Memphis, Tennessee 38112
Office-901-416-4737
Fax-901-416-0212
[email protected]

WHAT DOES M/WBE MEAN?

Minority Business Enterprise (MBE): A for-profit Business Enterprise (including, without being limited to, a sole proprietorship, partnership, corporation, joint venture or any other business or professional entity);

(1) Which is at least 51 percent owned by one or more minority persons, or, in the case of publicly-owned business, at least 51 percent of all classes of the stock of which is owned by one or more minority persons; and

(2) Whose management, policies, major decisions and daily business operations are independently controlled by one or more of such minority persons; and

(3) Which performs a commercially useful function; and

(4) Minority person means those persons, citizens of the United States or a legal resident alien, who are African American, Hispanic American, Asian American, or Native American.

Women Business Enterprise (WBE): A for-profit Business Enterprise (including, without being limited to, a sole proprietorship, partnership, corporation, joint venture or any other business or professional entity);

(1) Which is at least 51 percent owned by one or more women, or, in the case of publicly-owned business, at least 51 percent of all classes of the stock of which is owned by one or more women; and

(2) Whose management, policies, major decisions and daily business operations are independently controlled by one or more of such women; and

(3) Which performs a commercially useful function; and

(4) Women means those persons, citizens of the United States or a legal resident alien, who are of the female gender.

CONNECT WITH US

close
Banner iklan disini