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![handle is hein.gao/gaobaawqe0001 and id is 1 raw text is:
DOCUMENT RESUME
05M4 - (60525436] 4emrIW.eg.1
[Reviev of Selected 0frice of minority Buiness anterpriZ /e
Act.vities]. ,3D-7-o-5,; B-l9685. February 16, 1978. 4 pi. '. 2
enclosures 47 pp.).
Report to Sen. Charles U. ercy; by NeLry Bsvavegee Director,
Comaunity and Ecouomic Development Div.
lrssne Area: Domeasti_. Homsing and Community Develpment Programs;
rccus and Grants to Business (2110).
Contact: Community and Ncsnomir Development Div.
8 dqet FunctiLon: Commerce and Transportation. ,'*r ae d Mia:.emnt
and kgulation of Commerce (403).
Organization Concerned: Office of Minority 3siness Zterpr~ise;
Small Buiness Administration.
Conressional Relevance: Son. Charles H. Ptircl.
A preliminary inquir7 into the operations and
efficiency oi the Office of Minority Business Enterprise (CINBB)
4as conducted to letermine vhether the following information
could be obtained: the number and percentage #f minority group
members employed by 0131, a State-by-State br*akdoRn of the
number and amount of SBA loans obtained by O13-funded
organizations for minority-ovned businesses, the average owt to
the taxpayer for each business established due to 083 efforts.
and the number of OB-assisted companies that have become
profitable and the number snstaining losses. Duriog fiscal years
(Frs) 1972 through 1977, the number of minority members employed
by 01BE ranged from 152 to 206, ropresenting percentager from
64.7 to 80.2. The State-by-State breakd-an was available only
for Ufs 1976 and 1977, and data for other years were incomplete.
The average cost to ORBE for servicing each client totaled
$1,701 per year. OBE does not collect data on profitability,
and there was not enough data to determine the payment statas of
Small Business Administration loans made to 0533-assisted
companies. (HTV)](ViewImageLocal?handle=hein.gao/gaobaawqe0001&div=1&collection=&method=preview&ext=.png&size=3)