### Question
How is the term development companies defined?


### Answer
The term **development companies** is defined in *15 U.S.C. § 662* as the following:

> enterprises incorporated under State law with the authority to promote and assist the growth and development of small-business concerns in the areas covered by their operations

#### Citation:
  - *15 U.S.C. § 662*
  - Heading: **CHAPTER 14B-SMALL BUSINESS INVESTMENT PROGRAM > SUBCHAPTER I-GENERAL PROVISIONS**

