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MESBIC |
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These would be some of the same initiatives weakened by Republican administrations from the 1980s to the new millennium: the 8(a) minority set-aside program, MESBIC financing (Minority Enterprise Small Business Investment Companies), and the agency known today as the Minority Business Development Agency. In fact, MESBIC financing was responsible for providing capital to large numbers of BE 100s companies in the 1970s. This transaction was financed by a group of venture capitalists led by Dallas-based MESBIC Ventures Holding Company. |
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