Minority-owned businesses are an important part of the American economy, representing a diverse range of entrepreneurs and business owners. There are many synonyms for this term, including minority-owned businesses, disadvantaged business enterprises (DBEs), minority business enterprises (MBEs), women-owned businesses (WOBs), veteran-owned businesses (VOBs), and small disadvantaged businesses (SDBs). These designations are often utilized by government agencies and other organizations to promote diversity and inclusion in the business community and provide resources and support for underrepresented groups. Regardless of the term used, the success and growth of minority businesses are crucial for a thriving economy and a more equitable society.