Minority Business Development Agency
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(a) DefinitionsIn this section—
(1)
the term “Agency” means the Minority Business Development Agency of the Department of Commerce;
(2)
the term “minority business center” means a Business Center of the Agency;
(3) the term “minority business enterprise” means a for-profit business enterprise—
(A)
not less than 51 percent of which is owned by 1 or more socially disadvantaged individuals, as determined by the Agency; and
(B)
the management and daily business operations of which are controlled by 1 or more socially disadvantaged individuals, as determined by the Agency; and
(4)
the term “minority chamber of commerce” means a chamber of commerce developed specifically to support minority business enterprises.