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CED-77-136 1 (1977-11-10)

handle is hein.gao/gaobaawdw0001 and id is 1 raw text is: DOCUMLNE RE.EU101E 03986- (B31344,171 !he uffice cf Minority Businesn Enterprise Could Do More to Stat dnd Maintain tinority Businesses, CE2D-17-1.6; B-149685. Noember 1), i977. 41 pp. 4 8 appendices (21 a.). Veport to the Conqress; by Robert. 1. Keller, Acting Comptrcllsr General. Lssuz- Area: Domwstic Hols'.nq and Community Development Progzams: rocus and G-,ants to Busaness (2110). contact: Community and Economic Diivelopmdnt Div. Budqrt Fv.nction: Commerce and Irans ortation: Cther Adv&ncewent and Regulation of Commerce (403) rqanindtiou cncerned: Otiice of Minority Business £nterpris. Lonqressionai Relevance: House Comwiittee cr Small Eusi.ness; senate committee on Commerce, Science, and 7ranspurtatioa; Congress. Authcri.ty : cxecutiv, Order 11458. :xecutive Order 11625. The fiice of :incrity BusineEs Enterprise (CMEE) was establIshred Lo De the locus oZ Federal es.2orts to help esrta1i±sh and exroand minority businesses. Hcueue_, UMBE's vanagement 3SiLSt -nCe pl-oqrav. provided few benefi-s to t=ie j44 mictity and prospective minority businesss namp.iel. Only 25% cf .he 169 prospective Lusinesses got enough help tc ztart, and 0jout 37% z-- the kxistinq Dusi.Lnsses hUied were out of kusiness -r could nut Le iocated. Findings/Ccnclusicns: The Cffice has emphasized quantity atner than quality assistance, causing such deticiencies as: bts.inusz pldns riot tein preparod fcr abut rwo-taiids oi the cases, management assi,;Tance not keing given t,- Abcu c:e-zhird of thi cases, and ca.-eF receivinq assistance 4 tti,4 only pcrtin s c-r th. comprehcinsive prcgram. Ccntractors S-eL-Eaily do uot provide assistance according tc CxBE clxteria niid nave ihct followed their clients' progress after initial assistance. -Recormendations: The Secrstary of Commerce shculd requ re trhe Director of ONBE to: redirect the management sis-tance pL-qram -,o encourage contractors to provide a coprE h L,:Se assistance program to cnly as mary :Iients as the contrctors can assist over a long-term period; reguire cu'.ttactors to obtain periodic financial statements from their c qi ijire that each secious client's tusiness weaknesses l nezds cc anaiyzed in a formal business pian; assure that ccrn' ,-r=ct ... pro¢e c.iients sutticlent management assistance to n;.et the:r neds; rssure that contractors fcllcw tLeir clients' t. *_--:que,-,tiy tc evaluate qroklti and idt:ntify frctlels; etructu e thE t Me- hase plan so that primary emphasis in C +s evalucircn process is placed on meeting program bjectivrs ann sccniar empiasis placed on activity levels; '.i.vCt coitrctois to stop abandoning clients at the first idcalicn tLat clients cannot qualiLy icr financial assistance; *iLect contractors to exhaust all alternatives in helping cIiellts iocatz equity and other rescurces needed to finance

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