In this subtitle the following words have the meanings indicated. “Disabled veteran–owned business” means a business that is at least 51% owned and controlled by one or more individuals certified by the U.S. Department of Veterans Affairs as having a service–connected disability regardless of the disability rating. “Local business” means a business with: a principal place of business in Montgomery County or Prince George’s County; or at least 25% of the employees of the business domiciled in Montgomery County or Prince George’s County. “Local small business” means a business that qualifies as both: a local business; and a small business. “Maryland–based business” means a business that has its principal place of business in the State. “Program” means the business participation program established under § 20–302 of this subtitle. “Small business” means a business that meets criteria established by regulations adopted in accordance with § 14–203 of the State Finance and Procurement Article. “Veteran–owned business” means a business that is at least 51% owned and controlled by one or more individuals who are veterans as defined in 38 U.S.C. § 101.