Recent years have brought minority-owned businesses in the United States unprecedented opportunities-as well as new and significant risks. Civil rights activists have long argued that one of (5) the principal reasons why Blacks, Hispanics, and other minority groups have difficulty establishing themselves in business is that they lack access to the sizable orders and subcontracts that are gener- ated by large companies. Now Congress, in appar- (10) ent agreement, has required by law that businesses awarded federal contracts of more than $500,000 do their best to find minority subcontractors and record their efforts to do so on forms filed with the government. Indeed, some federal and local agen- (15) cies have gone so far as to set specific percentage goals for apportioning parts of public works con- tracts to minority enterprises.
(55) Third, a minority enterprise that secures the business of one large corporate customer often run the danger of becoming--and remaining-dependent.
Even in the best of circumstances, fierce compe- tition from larger, more established companies (60) makes it difficult for small concerns to broaden their customer bases: when such firms have nearly guaranteed orders from a single corporate bene- factor, they may truly have to struggle against complacency arising from their current success.