N.Y. Economic Development Law Section 131
Definition of a small business

For the purposes of this chapter, a small business shall be deemed to be one which is resident in this state, independently owned and operated, not dominant in its field and employs one hundred or less persons.

Source: Section 131 — Definition of a small business, https://www.­nysenate.­gov/legislation/laws/COM/131 (updated Sep. 22, 2014; accessed Dec. 2, 2023).

Dec. 2, 2023

Last modified:
Sep. 22, 2014

§ 131’s source at nysenate​.gov

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