Section 15. As used in sections sixteen to twenty-three, inclusive, the following words shall, unless the context requires otherwise, have the following meanings:

“Director”, the director of the division of entrepreneurial and small business development.

“Division”, the division of entrepreneurial and small business development.

“Small business”, a business concern which is independently owned and operated, not dominant in its field of operation and except where based on unique aspects of Massachusetts industry, would be defined as a “small business” under applicable federal law.