passage nine (the program federal government helps minority business

passage nine (the program federal government helps minority business

ID:33333106

大小:56.00 KB

页数:4页

时间:2019-02-24

passage nine (the program federal government helps minority business_第1页
passage nine (the program federal government helps minority business_第2页
passage nine (the program federal government helps minority business_第3页
passage nine (the program federal government helps minority business_第4页
资源描述:

《passage nine (the program federal government helps minority business》由会员上传分享,免费在线阅读,更多相关内容在应用文档-天天文库

1、英语100篇精读汇粹(中级篇)【TypeBySimonLau(8029)】PassageNine(TheProgram-FederalGovernmentHelpsMinorityBusiness)Federaleffortstoaidminoritybusinessesbeganinthe1960’swhentheSmallBusinessAdministration(SBA)beganmakingfederallyguaranteedloansandgovernment-sponsoredmanagemen

2、tandtechnicalassistanceavailabletominoritybusinessenterprises.Whilethisprogramenabledmanyminorityentrepreneurstoformnewbusinesses,theresultsweredisappointing,sincemanagerialinexperience,unfavorablelocations,andcapitalshortagesledtohighfailurerates.Even15year

3、saftertheprogramwasimplemented,minoritybusinessreceiptswerenotquitetwopercentofthenationaleconomy’stotalreceipts.Recentlyfederalpolicymakershaveadoptedanapproachintendedtoacceleratedevelopmentoftheminoritybusinesssectorbymovingawayfromdirectlyaidingsmallmino

4、rityenterprisesandtowardsupportinglarge,growth-orientedminorityfirmsthroughintermediarycompanies.Inthisapproach,largecorporationsparticipateinthedevelopmentofsuccessfulandstableminoritybusinessesbymakinguseofgovernment-sponsoredventurecapital.Thecapitalisuse

5、dbyaparticipatingcompanytoestablishaMinorityEnterpriseSmallBusinessesthathavepotentialtobecomefuturesuppliersofcustomersofthesponsoringcompany.MESBIC’saretheresultofthebeliefthatprovidingestablishedfirmswitheasieraccesstorelevantmanagementtechniquesandmorejo

6、b-specificexperience,aswellassubstantialamountsofcapital,givesthosefirmsagreateropportunitytodevelopsoundbusinessfoundationsthandoessimplymakinggeneralmanagementexperienceandsmallamountsofcapitalavailable.Further,sincepotentialmarketsfortheminoritybusinesses

7、alreadyexistthroughthesponsoringcompanies,theminoritybusinessesfaceconsiderablylessriskintermsoflocationandmarketfluctuation.Followingearlyfinancialandoperatingproblems,sponsoringcorporationsbegantocapitalizeMESBIC’sfarabovethelegalminimumof$500,000inorderto

8、generatesufficientincomeandtosustainthequalityofmanagementneeded.MESBIC’sarenowemergingasincreasinglyimportantfinancingsourcesforminorityenterprises.Ironically,MESBICstaffs,whichusuallyconsistof

当前文档最多预览五页,下载文档查看全文

此文档下载收益归作者所有

当前文档最多预览五页,下载文档查看全文
温馨提示:
1. 部分包含数学公式或PPT动画的文件,查看预览时可能会显示错乱或异常,文件下载后无此问题,请放心下载。
2. 本文档由用户上传,版权归属用户,天天文库负责整理代发布。如果您对本文档版权有争议请及时联系客服。
3. 下载前请仔细阅读文档内容,确认文档内容符合您的需求后进行下载,若出现内容与标题不符可向本站投诉处理。
4. 下载文档时可能由于网络波动等原因无法下载或下载错误,付费完成后未能成功下载的用户请联系客服处理。