Recent years have brought minority-owned businesses in the United States unprecedented opportunities--as well as new and significant risks. Civil right activists have long argued that one of the principal reasons why Blacks, Hispanics and other minority groups have difficulty establishing themselves in business is that they lack of access to the sizable orders and subcontracts that are generated by large companies. Now Congress, in apparent agreement, has required by law that businesses awarded federal contracts of more than $500,000 do their best to find minority subcontractors and record their efforts to do so on forms filed with the government. Indeed, some federal and local agencies have gone so far as to set specific percentage goals for apportioning parts of public works contracts to minority enterprises.
Corporate response appears to have been substantial. According to figures collected in 1977, the total of corporate contracts with minority businesses rose from $7
A. been especially vulnerable to government mismanagement of the economy.
B. been denied bank loans at rates comparable to those afforded larger competitors.
C. not had sufficient opportunity to secure business created by large corporations.
D. not been able to advertise in those media that reach large numbers of potential customers.
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