### Question
What does socially or economically disadvantaged business concern mean?


### Answer
**Socially or economically disadvantaged business concern** has the following meaning in *15 U.S.C. § 9501*:

> a for-profit business enterprise—


(A)(i) that is not less than 51 percent owned by 1 or more socially or economically disadvantaged individuals

#### Citation:
  - *15 U.S.C. § 9501*
  - Heading: **CHAPTER 120-MINORITY BUSINESS DEVELOPMENT**

