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1. Who is eligible for MBOC services?
The Los Angeles MBOC criteria:
- The minority-owned business must be at least 51% owned by ethnic
minorities, and must be located in Los Angeles or Ventura County.
- MBEs with annual revenues of at least $500,000 or with rapid-growth potential.
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2. What other business development agencies can assist minority business enterprises?
3. Who does MBDA consider a Minority Business Enterprise?
- African Americans
- American Indian/Native American
- Asian American
- Asian Indians
- Asian Pacific Americans
- Eskimo and Aleuts
- Hasidic Jew
- Spanish-speaking American
- Puerto Rican
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4. In what ways does MBOC assists MBEs?
- LA MBOC serves as a broker, connecting minority business owners to
contract and procurement opportunities and finance/capital resources. We advocate for minority business enterprises.
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5. Business definitions:
MBDA - Minority Business Development Agency
MBOC - Minority Business Opportunity Agency
MBEC - Minority Business Enterprise Center
MBE - Minority Business Enterprise
WBE - Women-owned Business Enterprise
DBE - Disadvantaged Business Enterprise
OBE - Other Business Enterprise
SLB - Small & Local Business (only in the City of Los Angeles)
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