[Code of Federal Regulations]
[Title 15, Volume 3]
[Revised as of January 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 15CFR1400.2]

[Page 419]
 
                  TITLE 15--COMMERCE AND FOREIGN TRADE
 
            CHAPTER XIV--MINORITY BUSINESS DEVELOPMENT AGENCY
 
PART 1400_DETERMINATION OF GROUP ELIGIBILITY FOR MBDA ASSISTANCE--Table of Contents
 
Sec. 1400.2  Definitions.

    For the purpose of this part:
    (a) Minority business enterprise means a business which is owned or 
controlled by one or more socially or economically disadvantaged 
persons.
    (b) Socially disadvantaged persons means those persons who have been 
subjected to cultural, racial or ethnic prejudice because of their 
identity as members of a group without regard to their individual 
qualities.
    (c) Economically disadvantaged persons means those persons whose 
ability to compete in the free enterprise system has been impaired due 
to diminished capital and credit opportunities because of their identity 
as members of a group without regard to their individual qualities, as 
compared to others in the same line of business and competitive market 
area.
    (d) Person means a citizen of the United States or an alien lawfully 
admitted for permanent residence.