The Office of Minority Business Enterprise Could Do More to Start and Maintain Minority Businesses
CED-77-136
Published: Nov 10, 1977. Publicly Released: Nov 10, 1977.
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Highlights
The Office of Minority Business Enterprise (OMBE) was established to be the focus of Federal efforts to help establish and expand minority businesses. However, the OMBE management assistance program provided few benefits to the 344 minority and prospective minority businesses sampled. Only 25 percent of the 169 prospective businesses got enough help to start, and about 37 percent of the existing businesses helped were out of business or could not be located.
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ContractorsFederal aid programsManagement consultantsMinority business assistanceMinority businessesFinancial assistanceTechnical assistanceMinoritiesProfitsBudget deficit