MINOREA – Defining “Disadvantaged Businesses”

Minorea focuses only on outreach initiatives that are aligned with our purpose, that is of helping disadvantaged businesses grow. What is considered a disadvantaged business?

Disadvantaged businesses include:

  • Business owners with a personal net worth that does not exceed $1.32 million and a business-size with an average annual gross receipt, not to exceed $23.98 million.
  • 51% minority and/or woman ownership of a business, a minority group member is an individual who is at least 25% Asian, Black, Hispanic, or Native American.
  • 51% veteran-owned company and must have been honorably discharged from service or identified as a service-disabled veteran.
  • 51% of LGBT owned company that controls, manages, operates, and owns.

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