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Minority Contract Preference

FEDERAL GOVERNMENT MINORITY CONTRACTING: A CURRENT MANAGEMENT PERSPECTIVE

The Minority Business Development Agency (MBDA) was established in 1969 as the only Federal Agency to specifically intended to increase opportunities for minority individuals to participate fully in the free enterprise system through the formation, development and preservation of competitive minority-owned firms (Richardson, 1995, p. 26). To accomplish its mission, MBDA facilitates the delivery of business development assistance through professional public and private business service providers, leverages financial resources to foster partnerships among and between the public and private sectors, and expands market opportunities for minority-owned firms for both public and private contracting.

Minority Preference Contract Programs

Programs to stimulate growth of minority-owned businesses have been in existence since the late 1960s (Dimeo, 1992, p. 54). One of the first successful programs was developed in 1971 by Atlanta, in part to secure biracial support for the construction of a rapid transit system that was earlier defeated in a referendum. Many of the early programs were race-neutral policies designed to prohibit discrimination of any kind, and eliminate bureaucratic barriers inhibiting the development of businesses by all disadvantaged people.

Eventually, the programs were modeled after the race-conscious program created by the Public Works Employment Act of 1977, which requires 10 percent of all federal construction contracts go to businesses owned by minorities (Dimeo, 1992, p. 54). Minorities are classified as Blacks, Hispanics, Asians, Native Americans, Eskimos and Aleuts. To be certified as minority-owned, a business has to be at least 51-percent owned by classified minorities.

By 1989, approximately 230 jurisdictions·elements of the federal government, states, cities, counties, and special districts·had minority preference progra...

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Minority Contract Preference. (1969, December 31). In LotsofEssays.com. Retrieved 05:20, March 29, 2024, from https://www.lotsofessays.com/viewpaper/1694669.html