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MESBIC

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AcronymDefinition
MESBICMinority Enterprise Small Business Investment Company


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Private companies and foundations were encouraged by the Nixon administration to create pools of capital which the Small Business Administration would agree to multiply by investing or lending three dollars for every one that the MESBIC put into the deal.
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.
 
 
 
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