The first study released by the Progress 2020 team covers minority-owned businesses in America. Minority Business Enterprises (or MBEs for short) are vital to the future of America’s economy. According to the 2015 Census Bureau, racial minorities will become the majority population in the United States by the year 2044. With this changing demographic, the importance of minority entrepreneurship will continue to increase over time.
An MBE is a for profit company that is owned, operated, and controlled by a person or people representing a previously identified minority group. In general, a minority-owned business must be at least 51% owned by the recognized minority group; In most countries with robust diversity programs, the following ethnic groups are recognized as minorities:
After months of research, we have released an all encompassing study that we believe will act as a conduit for the business case for supplier diversity and diverse businesses overall. The study focuses on the impact MBEs have on the economy as well the growth of these organizations since the 2008-2009 Great Recession, their affect on wealth, future industry prospects, and more.
WANT TO VIEW THE STUDY
The MBE Study by our team is free and will be distributed starting May 1, 2019. If you’re interested in reading it, all you have to do is complete the form below. We will provide you two documents, including a 7 page summary of the key points from study, and the full 47 page study covering the following sections
Diversity Reporting Solutions strives to produce the best in supplier diversity professional productivity tools. We are simplifying supplier diversity.
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