### Question
How does MINORITY BUSINESS DEVELOPMENT define minority business enterprise?


### Answer
Under *15 U.S.C. § 9501*, **minority business enterprise** is defined as:

> a business enterprise—


(i) that is not less than 51 percent-owned by 1 or more socially or economically disadvantaged individuals

#### Citation:
  - *15 U.S.C. § 9501*
  - Heading: **CHAPTER 120-MINORITY BUSINESS DEVELOPMENT**

