New Jersey Statutes Title 34. Labor and Workmen's Compensation 34 § 1B-48

a. “Authority” means the New Jersey Development Authority for Small Businesses, Minorities and Women's Enterprises established pursuant to the provisions of this act;

b. “Board” means the board of directors of the New Jersey Development Authority for Small Businesses, Minorities and Women's Enterprises established pursuant to the provisions of this act;

c. “Eligible business” means a small business or a minority or women's business determined to be eligible to receive assistance and participate in programs according to the standards established pursuant to this act;

d. “Minority” means a person who is:

e. “Minority business” means a business in which at least 51% of the beneficial ownership of the business is held by minorities, and in which the majority of the management are minorities;

f. “Small business” means a business in which at least 51% of the beneficial ownership of the business is held by persons other than minorities or women and the majority of the management of which is other than minorities or women, and which business is of a type and size defined by the Commissioner of the Department of Commerce and Economic Development as a small business, which definition shall be similar to that of the federal Small Business Administration;

g. “Women” means a woman, regardless of race;

h. “Women's business” means a business in which at least 51% of the beneficial ownership of the business is held by women, and in which the majority of the management are women.