### Question
Can you define what minority-owned business means?


### Answer
**Minority-owned business** is defined as the following in *12 U.S.C. § 1441a*:

> a business—


(i) more than 50 percent of the ownership or control of which is held by 1 or more minority individuals

#### Citation:
  - *12 U.S.C. § 1441a*
  - Heading: **CHAPTER 11-FEDERAL HOME LOAN BANKS**

