(1) Individuals and business entities eligible to receive Financial Assistance. To be eligible to receive Financial Assistance, a person or business entity must be a Licensee, License Applicant or prospective License Applicant and meet one of the following criteria:

1. (a) The individual or business entity is an Economic Empowerment Priority Applicant;
2. (b) The business entity is a Social Equity Business; or
3. (c) The individual is a Social Equity Program Participant;