AN EXAMINATION OF INFORMATION SOURCES AND ASSISTANCE PROGRAMS AVAILABLE TO MINORITY-OWNED SMALL BUSINESSES
Vol. Volume 7, Number 4 December/2002
Minority business utilization of assistance programs and information sources was based on the results of 687 mail questionnaires. While these businesses had used several sources of information, low participation was found among government agencies and university outreach programs. The types of assistance with the greatest need were: Accounting, legal, business planning, and start-up. Non-minorities used equipment vendors more often, while minorities received more start-up assistance and business plan development. Few minority owners had used an institution of higher education for research, technical, and production-oriented activities. Possible barriers to low participation in these programs are: (1) difficulty in identifying the source of assistance; (2) difficulty in working with faculty and staff; and (3) slow response time. Institutions should examine improved methods for recruitment and collaborate with other agencies.