DisasterPhysical Disaster and Economic Injury Loans (Definition of Major Source of Employment)

Resumen

The Small Business Administration is revising on an immediate basis the definition of ``major source of employment.'' Effective for any disaster commencing on or after January 1, 1994, a major source of employment will mean a concern which has one or more locations in the Disaster Area which, individually or in the aggregate, employed at least 10 percent of the work force of the commuting area of a community located within the Disaster Area, not including any area more than 50 miles away from the community; or employed at least 5 percent of the work force in an industry within the Disaster Area and also employed a certain minimum number of people in the Disaster Area; or employed at least 250 people in the Disaster Area. This revision is being undertaken on an emergency basis and is therefore published as an interim final rule.