Arkansas Code Title 15. Natural Resources and Economic Development § 15-4-403. Definitions

(1) “Council” means the Arkansas Economic Development Council;

(2) “Division” means the Division of Minority Business Enterprise of the Arkansas Economic Development Commission;

(3) “Small business concern” means small business firms in this state owned and operated by:

(4) “Small business investment company” means a small business investment company organized and chartered under the business corporation or nonprofit corporation statutes of this state or formed as a limited partnership for the purpose of making investment loans for capital improvements and expansion to persons whose participation in the free enterprise system is hampered because of social or economic disadvantages, as authorized in 15 U.S.C. § 681(d), or because of limited financial means.