5 CRR-NY 40.2NY-CRR

OFFICIAL COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 5. DEPARTMENT OF ECONOMIC DEVELOPMENT
CHAPTER V. ENTREPRENEURIAL ASSISTANCE PROGRAM
PART 40. MINORITY- AND WOMEN-OWNED BUSINESS ENTERPRISE DEVELOPMENT CENTERS—THE APPLICATION PROCESS
5 CRR-NY 40.2
5 CRR-NY 40.2
40.2 Definitions.
(a) Applicant means a not-for-profit corporation, operated by a board of directors representing community leaders in business, education, finance and government, which is located in an area accessible to minority-group members and women.
(b) Clients means minority-group members and women who are seeking to start or who are starting new business ventures, including those business ventures in the early stages of business development.
(c) Commissioner means the Commissioner of Economic Development.
(d) Department means the Department of Economic Development.
(e) Development center means the minority- and women-owned business enterprise development center selected and designated by the department to receive a grant pursuant to the Entrepreneurial Assistance Program.
(f) Minority business enterprise means any business enterprise which is at least 51 percent owned by, or in the case of a publicly owned business at least 51 percent of the stock of which is owned by, minority-group members where such ownership interest is real, substantial and continuing, and where such minority-group members have the authority to independently control the day-to-day business decisions of the entity.
(g) Minority-group member means a United States citizen or permanent-resident alien who is and can demonstrate membership in one of the following groups:
(1) Black persons having origins in any of the Black African racial groups not of Hispanic origin;
(2) Hispanic persons of Mexican, Puerto Rican, Dominican, Cuban, Central or South American descent of either Indian or Hispanic origin, regardless of race;
(3) Asian and Pacific Islander persons having origins in the Far East, Southeast Asia, and Indian subcontinent or the Pacific Islands; or
(4) American Indian or Alaskan Native persons having origins in any of the original peoples of North America.
(h) Women-owned business enterprise means any business enterprise which is at least 51 percent owned by, or in the case of a publicly owned business at least 51 percent of the stock of which is owned by, citizens or permanent-resident aliens who are women, where such ownership interest is real, substantial and continuing and where such persons have the authority to independently control the day-to-day business decisions of the entity.
5 CRR-NY 40.2
Current through October 15, 2021
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