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

"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

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

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

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