52:27H-21.18 Definitions.
2.As used in this act:
a."Control" means authority over the affairs of a business, including, but not limited to, capital investment, property acquisition, employee hiring, contract negotiations, legal matters, officer and director selection, operating responsibility, financial transactions and the rights of other shareholders or joint partners; except that control shall not include absentee ownership, nor shall it be deemed to exist where an owner or employee who is not a minority, in the case of a minority business; or a male owner or employee, in the case of a women's business, is disproportionately responsible for the operation of the business or for policy and contractual decisions.
b."Commissioner" means the Secretary and Chief Executive Officer of the New Jersey Commerce and Economic Growth Commission created pursuant to section 3 of P.L.1998, c.44 (C.52:27C-63).
c."Director" means the Director of the Division of Development for Small Businesses and Women's and Minority Businesses in the New Jersey Commerce and Economic Growth Commission created pursuant to section 3 of P.L.1998, c.44 (C.52:27C-63).
d."Division" means the Division of Development for Small Businesses and Women's and Minority Businesses in the New Jersey Commerce and Economic Growth Commission created pursuant to section 3 of P.L.1998, c.44 (C.52:27C-63).
e."Minority" means a person who is:
(1)Black, which is a person having origins in any of the black racial groups in Africa; or
(2)Hispanic, which is a person of Spanish or Portuguese culture, with origins in Mexico, South or Central America, or the Caribbean Islands, regardless of race; or
(3)Asian-American, which is a person having origins in any of the original peoples of the Far East, Southeast Asia, Indian subcontinent, Hawaii, or the Pacific Islands; or
(4)American Indian or Alaskan native, which is a person having origins in any of the original peoples of North America.
f."Minority business" means a business which is:
(1)A sole proprietorship owned and controlled by a minority;
(2)A partnership or joint venture owned and controlled by minorities in which at least 51% of the ownership interest is held by minorities and the management and daily business operations of which are controlled by one or more of the minorities who own it; or
(3)A corporation or other entity whose management and daily business operations are controlled by one or more minorities who own it, and which is at least 51% owned by one or more minorities, or, if stock is issued, at least 51% of the stock is owned by one or more minorities.
g."Public agency" means the State or any department, division, agency, authority, board, commission or committee thereof.
h."Woman" or "women" means a female or females, regardless of race.
i."Women's business" means a business which is:
(1)A sole proprietorship owned and controlled by a woman; or
(2)A partnership or joint venture owned and controlled by women in which at least 51% of the ownership is held by women and the management and daily business operations of which are controlled by one or more women who own it; or
(3)A corporation or other entity whose management and daily business operations are controlled by one or more women who own it, and which is at least 51% owned by women, or, if stock is issued, at least 51% of the stock is owned by one or more women.
j."Applicant" means an individual or individuals, a sole proprietor, partnership, joint venture or corporation that applies for certification as a minority business or women's business, in accordance with the provisions of P.L.1986, c.195 (C.52:27H-21.17 et seq.).
L.1986,c.195,s.2; amended 2003, c.189, s.2.
Section: Previous 52-27h-21.12 52-27h-21.13 52-27h-21.14 52-27h-21.14a 52-27h-21.15 52-27h-21.16 52-27h-21.17 52-27h-21.18 52-27h-21.19 52-27h-21.20 52-27h-21.21 52-27h-21.22 52-27h-21.22a 52-27h-21.22b 52-27h-21.22c Next
Last modified: October 11, 2016