diverse-owned

American  

[dahy-vurs-ohnd, dih-vurs-] / daɪˈvɜrsˌoʊnd, dɪˈvɜrs- /

adjective

1. (of a business) owned by someone who is part of a group historically underrepresented in entrepreneurship, such as women, ethnic or racial minorities, LGBTQ+ people, etc..

   The company will now include at least one diverse-owned firm in every search it conducts for advisory clients.

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Etymology

Origin of diverse-owned

First recorded in 2015–20

Example Sentences

The report identified diverse-owned businesses as those run by Blacks, Latinos, Asians, other people of color, women and veterans.

From Reuters • Nov. 28, 2023

"Plaintiffs' groundless allegations ignore both McDonald's legitimate business reasons for not investing more on their channels and the company's long-standing business relationships with many other diverse-owned partners," she said.

From Reuters • Sep. 20, 2022

If the current threshold for diverse ownership was applied to the 25 foundations that participated last year, investments managed by diverse-owned firms would have shown a 1% increase this year.

From Seattle Times • Sep. 30, 2021

Of the $69 trillion in assets in the United States, only 1.4% is managed by diverse-owned firms, a 2020 study from the Diverse Asset Managers Initiative showed.

From Reuters • Jul. 1, 2021

The Kresge Foundation, for example, said in 2019 that by 2025, a quarter of its U.S. assets under management would be invested with female- and diverse-owned firms.

From Reuters • Jul. 1, 2021