§ 324-1-M. Minority Business Enterprise; MBE.

"Minority business enterprise" or "MBE" shall mean a business that meets each of the following criteria:

(a)

Is an independent operating business;

(b)

Is a sole proprietorship that is independently owned and controlled by an individual who is a minority group member; a joint venture that is at least 51% independently owned and controlled by minority group members; or a partnership, limited liability company or corporation that is at least 51% independently owned and controlled by minority group members;

(c)

The minority owners have interest in capital and earnings commensurate with the minority group members' percentage of ownership;

(d)

Has been in operation for at least twelve months before applying for certification;

(e)

Has been at least 51% minority-owned for at least 12 months before applying for certification;

(f)

Has an operating office located in the Cincinnati market area; and

(g)

Performs a commercially useful function.

(Ordained by Ord. No. 308-2015, § 1, eff. Jan. 1, 2016)