West Virginia Code Chapter 5B. Economic Development Act of 1985 § 5B-8-1. Definitions

<Section 5B-8-1 as amended by Acts 2023, c. 120. See, also, section 5B-8-1 as amended by Acts 2023, c. 117.>

When used in this article:

“Department” means the West Virginia Department of Economic Development.

“SBIR” means the Small Business Innovation Research Program enacted under the Small Business Innovation Development Act of 1982, Pub. L. 97-219, 15 U.S.C. § 638.

“STTR” means the Small Business Technology Transfer Program enacted under the Small Business Technology Transfer Act of 1992, Pub. L. 102-564, 15 U.S.C § 638.

“Small business” means a corporation, partnership, limited liability company, statutory or common law business trust, sole proprietorship, or individual, operating a business for profit, which qualifies as a small business and otherwise meets the requirements of the SBIR or STTR programs.

“West Virginia-based business” means a business that has its principal place of business in this state.