### Question
What does socially and economically disadvantaged small business concern mean?


### Answer
**Socially and economically disadvantaged small business concern** has the following meaning in *15 U.S.C. § 637*:

> any small business concern which meets the requirements of subparagraph (B) and—


(i) which is at least 51 per centum unconditionally owned by—


(I) one or more socially and economically disadvantaged individuals,


(II) an economically disadvantaged Indian tribe (or a wholly owned business entity of such tribe), or


(III) an economically disadvantaged Native Hawaiian organization, or


  

(ii) in the case of any publicly owned business, at least 51 per centum of the stock of which is unconditionally owned by—


(I) one or more socially and economically disadvantaged individuals,


(II) an economically disadvantaged Indian tribe (or a wholly owned business entity of such tribe), or


(III) an economically disadvantaged Native Hawaiian organization

#### Citation:
  - *15 U.S.C. § 637*
  - Heading: **CHAPTER 14A-AID TO SMALL BUSINESS**

