In this article, we will take a deeper dive into the specifics of what it means to be a minority or women-owned business and provide a step-by-step guide on how to achieve certification.
What is a Minority Business Enterprise (MBE)?
The Canadian government does not have a single, definitive definition of a Minority Business Enterprise (MBE). However, there are several government agencies and programs that have their own criteria for determining MBE status.
These criteria typically involve:
- Ownership: The business must be owned and controlled by one or more individuals who belong to a designated minority group.
- Control: The minority owners must have significant control over the management and operations of the business.
- Economic disadvantage: The minority owners may be required to demonstrate that they face economic disadvantages due to their minority status.
In Canada, this typically includes visible minorities, Indigenous peoples, and persons with disabilities.
The criteria for MBE status vary depending on the province or territory and the government program. We recommend consulting with the relevant government agency or program directly for the most accurate and up-to-date information.
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