Minority-owned Business Partnerships

Minority-owned business partnerships refer to collaborations between businesses that are owned or led by individuals from minority groups, including racial and ethnic minorities, women, LGBTQ+ individuals, and others traditionally underrepresented in business. These partnerships aim to leverage resources, expertise, and networks to enhance competitiveness, access new markets, and foster economic growth. They often promote diversity and inclusion within the business community and can provide opportunities for mentorship and support. Additionally, such partnerships may qualify for government incentives and contracts designed to encourage the involvement of minority-owned enterprises in various industries.