§ 3.20.020. Definitions.  


Latest version.
  • The following words shall have the following meanings:

    A.

    "Minority business" means a corporation, partnership, sole proprietorship, or other legal entity formed for the purpose of making a profit if at least fifty percent of the business is owned by minority group members or, in the case of a corporation, at least fifty-one percent of its shares are owned by minority group members. Minority group members include Black Americans, Mexican-Americans and other Americans of Latin or Spanish origin, American Orientals, American Indians and any other persons who have declared themselves to be discriminated against due to being female or because of race, color, creed, religion or place of origin.

    B.

    "Small business" means a corporation, partnership, sole proprietorship, or other legal entity formed for the purpose of making a profit, which is independently owned and operated, has fewer than one hundred employees and less than one million dollars in annual gross receipts, and is designated a small business as provided by this chapter, but does not include subsidiaries wholly or partially owned by a business with more than one hundred employees or more than one million dollars in annual gross receipts.

(Prior code § 18A-1(b))