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Management and Technical Assistance for Minority Enterprise

To fulfill campaign pledges supporting the concept of minority capitalism, President Nixon on March 5, 1969, announced the establishment of a highly prestigious Advisory Council on Minority Business Enterprise.1 Sam Wyly (University Computing) was appointed to chair the council, and Berkeley Burrell (National Business League) was appointed vice chairman. The council began operations in October 1969, deliberated for seventeen months, and delivered its final report to the President on February 22, 1971 (President’s Advisory Council, 1971). The report made a number of recommendations, including a call for a $930 million initial federal commitment over the next three years; expanded minority ownership; a network of 100 local centers for the delivery of financial, management, and technical resources; vastly increased support for minority business education and training; and