The University refers to businesses owned by minority persons as Historically Underutilized Businesses (HUBs). North Carolina General Statue 143-128.4 defines “minority businesses” and “minority persons” as follows;
The term “minority business” means a business in which at least 51 percent is;
a. Owned by one or more minority persons or socially and economically disadvantaged individuals, or in the case of a corporation, in which at least 51 percent of the stock is owned by one or more minority persons or socially and economically disadvantaged individuals and of which,
b. The management and daily business operations are controlled by one or more of the minority persons or socially and economically disadvantaged individuals who own it.
The term “minority person” means a person who is a citizen or lawful permanent resident of the United States and who is;
a. Black, that is, a person having origins in any of the black racial groups in Africa;
b. Hispanic, that is, a person of Spanish or Portuguese culture with origins in Mexico, South or Central America, or the Caribbean Islands, regardless of race;
c. Asian American, that is, a person having origins in any of the original peoples of the Far East, Southeast Asia and Asia, the Indian subcontinent, or the Pacific Islands;
d. American Indian, that is, a person having origins in any of the original Indian peoples of North America; or
f. Disabled - a person with a disability as defined in N.C. G. S. 168A-3 (7a)
g. Disadvantaged - a person who is “socially and economically disadvantaged individual” as defined in 15 U.S.C. 637
Collectively, these are referred to as Historically Underutilized Businesses. For information on how to obtain HUB certification status, visit the Office for Historically Underutilized Businesses.