MISSION

Serve as the unified voice for minority CEOs in the United States;

Advance opportunities for minority entrepreneurs in the public and private sectors;

Work across racial, ethnic and cultural barriers to promote greater economic participation; and

Inform and influence public policies on issues of critical importance to the minority business community.


 

REQUIREMENTS

All MBRT members must be the principal executive (Chair, CEO and/or President) in their firms. Membership is by invitation only and limited to CEOs from top-tier firms that are minority-owned and controlled. The recruitment of members for the organization is consistent with the following criteria:

Ensuring the involvement of African American, Hispanic American, Asian American, and Native American CEOs from top-tier businesses;

Ensuring the involvement of CEOs from top-tier minority women-owned businesses; and

Ensuring that the membership is adequately representative of all regions of the United States, with a diversity of trades and industries.

The nation’s minorities account for 27 percent of today’s population and 90 percent of projected population growth over the next 50 years. Currently, they own only 14.6 percent of the nation’s businesses, but new, minority-owned firms have been growing at more than six times the rate of all firms in the U.S. and are growing at nearly twice the rate of all firms in annual sales, according to U.S. Census data. There are more than three million minority-owned firms with aggregate sales of nearly $600 billion.

 

Popular perception holds that all minority-owned businesses are "small" businesses. The existence of the MBRT dispels this myth. MBRT firms, which operate in a wide range of industries, post sales from $53 million to more than $2 billion per company. Each of these firms employ between 80 and 4,000 people.

MBRT represents the first formal opportunity for CEOs of large minority-owned firms to collectively address issues of common concern to them as employers, profitable organizations, and active corporate citizens. Coming together in such an organization strengthens their ability to develop and influence critical public policies.