diverse-owned

[dahy-vurs-ohnd, dih-vurs-]

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.

Word History and Origins

Origin of diverse-owned¹

First recorded in 2015–20

Example Sentences

Meta also ended representation goals for women and minorities, a program to source supplies from diverse-owned businesses and scrapped its DEI teams.

Read more on Los Angeles Times

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

Read more on Reuters

"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.

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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.

Read more on Seattle Times

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.

Read more on Reuters