Definitions

(a) "Applicant" means any non-profit or governmental entity which intends to establish a business outreach center in a particular region of the state or for certain industry sectors to assist in providing services to small businesses and minority business enterprises. (b) "Business Outreach Center" means any non-profit or governmental entity providing or able to provide assistance to small businesses and minority business enterprises in the areas of business plan development, financial projection, loan package planning, including loan packaging for small businesses and minority business enterprises which are seeking financial assistance from the Connecticut development authority, business counseling and related monitoring and follow-up services. (c) "Commissioner" means the commissioner of economic development. (d) "Connecticut Development Authority" means the quasi-public agency established pursuant to Section 32-11a of the Connecticut General Statutes. (e) "Department" means the department of economic development. (f) "Governmental Entity" means any department or agency of the State, or of any municipality of the State, including but not limited to, quasi-public agencies and public institutions of higher education. (g) "Minority Business Enterprise" means a small contractor as defined in Section 32-9e (a) (3) of the Connecticut General Statutes. (h) "Non-Profit Entity" means all non-profit corporations as the term is defined in Section 33-421 (l) of the Connecticut General Statutes, including but not limited to corporations organized exclusively for charitable or educational purposes. (i) "Small Business" means any person or entity including affiliates engaged in or which intend to establish or acquire a for-profit activity or activities in this state, and whose gross revenues, including revenues of affiliates, did not exceed ten million dollars in its most recently completed fiscal year or if such person or entity has not been in business for one year, the commissioner determines in his discretion that such gross revenues, including revenues of affiliates, are not likely to exceed ten million dollars in its first fiscal year.