The MBHF&M is committed to preserving and recognizing the contributions of individuals and institutions that were pioneers in the development and growth of minority businesses globally and educating society on their accomplishments.


The Minority Business Hall of Fame and Museum (MBHF&M) was founded in 2004 to spotlight and record the achievements of the pioneers who ignited, and made possible, the development of minority business enterprises. The nonprofit organization was formed as a result of the collaborative efforts of John F. Robinson, president of the National Minority Business Council, Inc., New York; Don McKneely, president and publisher of the Business News Group; and Carol Daugherty Foster, editor of MBN USA.

Driven by a pressing need to record the history and evolution of minority-owned businesses in America and to celebrate the work of the architects and policies and programs that made minority business growth possible, the first Hall of Fame members were inducted at a ceremony on January 13, 2005, at the Harvard Club in New York City.

On April, 3, 2014, MBHF&M and the University of Washington – Foster School of Business formed a collaboration to honor individuals and institutions that are leading the growth of minority business enterprises. The Foster School of Business unveiled an exhibit on May 13 honoring those MBHF&M inductees. The collaborative effort included a recent symposium on the state of minority-owned businesses that engaged faculty from Historically Black Colleges and Universities (HBCU) and Minority Serving Institutions (MSI).

Pepsico logoPepsiCo, Inc., the founding corporate sponsor, exclusively underwrote the 2005-2008 induction ceremonies and helped make the launch of MBHF&M possible. PepsiCo continues to be a long-term supporter.


The Minority Business Hall of Fame and Museum is governed by a Board of Directors with oversight by a Selection Committee and Board of Advisors from the Minority Business Community, Corporate Community, Academic Community, Government, and Public Sector.


Since its inception, the MBHF&M has honored 76 inductees to the Hall of Fame, each of whom has been instrumental in accelerating the growth of minority-owned businesses.


In 2014, the University of Washington Foster School of Business became the home to the exhibit “Breaking Ground: Visionaries Growing Minority-Owned Businesses” honoring members of the Minority Business Hall of Fame & Museum. The exhibit is a physical demonstration that captures the inspiration of our vision and goals, and honors each Hall of Fame inductee. Learn More…