Intelligence Law Glossary - Small Business Concern


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Small Business Concern

Statutory Law

50 U.S.C. Appx § 2152(17) (2010) (Title 50—Appendix: Defense Production Act of 1950)

[NOTE: See 50 U.S.C. Appx § 2166(a) for information regarding the termination of this section.]

For purposes of this Act [50 U.S.C. Appx. §§ 2061 et seq.], the following definitions shall apply:
   (17) Small business concern. The term "small business concern" means a business concern that meets the requirements of section 3(a) of the Small Business Act [15 U.S.C. § 632(a)] and the regulations promulgated pursuant to that section, and includes such business concerns owned and controlled by socially and economically disadvantaged individuals or by women.