© The Author(s), under exclusive license to APress Media, LLC, part of Springer Nature 2021
W. M. CunninghamThriving As a Minority-Owned Business in Corporate Americahttps://doi.org/10.1007/978-1-4842-7240-4_1

1. Minority Business Now

Defining Minority Business
William Michael Cunningham1  
(1)
WASHINGTON, DC, United States
 

On January 12, 1959, Berry Gordy started Motown Records. The company grew into a global brand and one of the most influential companies in the United States. Mr. Gordy is an African American, born and raised in Detroit, so his firm was considered a “minority business” at its start. It did not remain so. As the firm grew and prospered, the value was recognized. The firm was purchased by MCA Records in 1988. This is widely considered ...

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