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Minority Business Enterprise

A Minority Business Enterprise (MBE) designation is a certification given to businesses owned by members of racial or ethnic minority groups. This designation is used by the government and corporations to increase minority participation in their procurement process. The value of having an MBE designation is that it allows businesses to have access to contracts and resources that would have otherwise been unavailable to them.

To receive an MBE designation, a business must meet certain criteria. The business must be 51% owned and controlled by an individual or group from a designated minority group. Additionally, the business must be a for-profit business, and the owner(s) must provide proof of their status as a minority.

 

The MBE designation is important to work with because it allows corporations to foster diversity and inclusion in their supplier networks. Companies with MBE designation can also provide a valuable source of goods and services that large corporations may not be able to find elsewhere. Finally, working with MBE certified businesses allows corporations to fulfill corporate social responsibility initiatives by helping to support and grow minority-owned businesses.

 

Having an MBE designation is a great way for businesses owned by members of racial or ethnic minority groups to gain access to resources and contracts that they may not have otherwise been able to access. In order to receive an MBE designation, a business must be 51% owned and controlled by an individual or group from a designated minority group, and they must provide proof of their status as a minority.

 

The value of having an MBE designation is two-fold. For corporations, it allows them to foster diversity and inclusion in their supplier networks, and provides them with a  valuable source of goods and services that they may not be able to find elsewhere. For minority-owned businesses, this designation can be a great way for them to gain access to resources and contracts that may not have been available to them otherwise. Additionally, it allows corporations to fulfill corporate social responsibility initiatives by helping to support and grow minority-owned businesses.

Kentarus Group Inc. received its MBE designation in January 2021 and currently has an Active status with the Florida Department of Management Services (see vendor info) for General Residential Construction (72111111) and Roofing (72152601).

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