2023 Connecticut General Statutes › Title 32 - Commerce and Economic and Community Development › Chapter 588r - Small Business › Section 32-344. (Formerly Sec. 32-175). - Definitions.

As used in this section and sections 32-345 and 32-346:
(1) “Business-led consortium” means a coalition or other group of entities, related by contractual or other arrangements, that (A) includes at least one Connecticut business and may include other businesses and nonprofit or public institutions, and (B) is led by a business for the purpose of technology development or commercialization;
(2) “Corporation” means Connecticut Innovations, Incorporated, as created under section 32-35;
(3) “Small business” means a corporation, limited liability company, partnership, sole proprietorship or individual, operating a business for profit, which employs five hundred or fewer employees, including employees employed in any subsidiary or affiliated corporation;
(4) “Small business innovation research program” means the federal program established pursuant to the Small Business Innovation Development Act of 1982 (P.L. 97-219), as amended, which provides funds to small businesses to conduct innovative research which has potential commercial applications;
(5) “Small business technology transfer program” means the federal program established pursuant to the Small Business Research and Development Enhancement Act of 1992 (P.L. 102-564), as amended, which provides funds to small businesses that collaborate with nonprofit research institutions to conduct innovative research which has potential commercial applications;
(6) “Federal technology support program” means any program now or hereafter established by the government of the United States of America or any agency or instrumentality thereof, other than the small business innovation research program and small business technology transfer program that (A) is authorized to provide funding support for projects undertaken by businesses and business-led consortia for the development or commercialization of advanced technologies, including without limitation technologies applied or applicable to national defense, and (B) requires recipients to furnish a portion of the funds necessary to carry out such activities;
(7) “Micro business” means a business entity, including its affiliates, that (A) is independently owned and operated, and (B) employs fewer than fifty full-time employees or has gross annual sales of less than five million dollars.
(P.A. 87-431, S. 1, 3; P.A. 93-382, S. 47, 69; P.A. 94-162, S. 1, 4; P.A. 95-272, S. 22, 29; P.A. 06-83, S. 6.)
History: P.A. 93-382 deleted definitions of “commissioner” and “department”, added definition of “corporation”, renumbering Subdivs. as necessary and redefined “small business” to increase applicable number of employees from 250 to 500, effective July 1, 1993; P.A. 94-162 inserted “or the small business technology transfer program” in Subdiv. (2) and added Subdiv. (4) defining such program, effective July 1, 1994; Sec. 32-175 transferred to Sec. 32-344 in 1995; P.A. 95-272 inserted new Subdiv. (1) defining “business-led consortium” and renumbered the remaining Subdivs., included limited liability companies in definition of “small business” and deleted reference to federal small business innovation research program and added new Subdiv. (6) defining “federal technology support program”, effective July 1, 1995; P.A. 06-83 added Subdiv. (7) defining “micro business”, effective July 1, 2006.
See Sec. 32-478 re priority for applicants establishing work environments consistent with criteria in Sec. 32-475.