Economically Disadvantaged Entrepreneur Law and Legal Definition
According to 13 CFR 119.2 [Title 13 Business Credit and Assistance; Chapter I Small Business Administration; Part 119 Program for Investment in Microentrepreneurs ("Prime" or "The Act")], economically disadvantaged entrepreneur, or economically disadvantaged microentrepreneur, means an owner, majority owner, or developer of a microenterprise whose ability to compete in the free enterprise system has been impaired due to diminished capital and credit opportunities as compared to others in the industry such that his or her ownership of a small business would help to qualify the small business for assistance under section 7(j) or section 8(a) programs of the Small Business Act.
Legal Definition list
- Economically Disadvantaged
- Economic-Realities Test
- Economic-Harm Rule
- Economic Warfare
- Economic Vacancy
- Economically Disadvantaged Entrepreneur
- Economically Disadvantaged Family or Individual
- Economically Disadvantaged Women‐Owned Small Business [EDWOSB]
- Economically Distressed Area
- Economics Research Service
- Economies of Scale
Related Legal Terms
- Collegiate Entrepreneurial Organizations
- Conflict Entrepreneur
- Disadvantaged [Education]
- Disadvantaged Business Enterprise
- Disadvantaged Businesses Concerns
- Disadvantaged Entrepreneur
- Disadvantaged Youth
- Economically Disadvantaged
- Economically Disadvantaged Family or Individual
- Economically Disadvantaged Women‐Owned Small Business [EDWOSB]
