[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H. Con. Res. 510 Introduced in House (IH)]







107th CONGRESS
  2d Session
H. CON. RES. 510

Commending the Minority Business Development Agency for its history of 
achievement in helping to create minority businesses enterprises and in 
   helping those enterprises effectively compete in the national and 
                          global marketplace.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            October 10, 2002

 Mr. Watts of Oklahoma submitted the following concurrent resolution; 
   which was referred to the Committee on Financial Services, and in 
    addition to the Committee on Small Business, for a period to be 
subsequently determined by the Speaker, in each case for consideration 
  of such provisions as fall within the jurisdiction of the committee 
                               concerned

_______________________________________________________________________

                         CONCURRENT RESOLUTION


 
Commending the Minority Business Development Agency for its history of 
achievement in helping to create minority businesses enterprises and in 
   helping those enterprises effectively compete in the national and 
                          global marketplace.

Whereas the success of minority business enterprises is a critical component of 
        a robust economy in the United States;
Whereas minority business enterprises are growing at accelerated rates but 
        remain far behind their level of potential growth;
Whereas minority individuals are far less likely than non-minority individuals 
        to own their own businesses;
Whereas the Minority Business Development Agency was created by Executive Order 
        in 1969 as the first Federal agency with the explicit goal of fostering 
        the creation and expansion of minority business enterprises in the 
        United States;
Whereas since 1969, the Minority Business Development Agency has served more 
        than 500,000 minority business enterprises and assisted minority 
        business enterprises in securing more than $22,000,000,000 in loans and 
        bonding;
Whereas the Minority Business Development Agency operates a network of 
        development centers throughout the United States which, in 2001, 
        provided management and technical assistance to more than 6,000 minority 
        business enterprises;
Whereas the Minority Business Development Agency is developing an initiative 
        designed to increase the competitiveness and viability of minority 
        business enterprises in the global marketplace; and
Whereas the Minority Business Development Agency is focused on achieving 
        entrepreneurial parity so that minority business enterprises are in 
        proportion to the minority population: Now, therefore, be it
    Resolved by the House of Representatives (the Senate concurring), 
That Congress--
            (1) commends the Minority Business Development Agency for 
        its history of achievement in helping to create minority 
        business enterprises and in helping those enterprises 
        effectively compete in the national and global marketplace; and
            (2) encourages the Minority Business Development Agency to 
        continue its efforts to assist minority business enterprises as 
        such enterprises continue to strengthen communities, create 
        wealth and jobs, and contribute to the health of the economy in 
        the United States.
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