Vocabulary
1. implement 执行，履行
2. growth-oriented 增长潜力的，有发展性的
3. intermediary company 中介公司，中间公司
4. venture capital 风险资本
5. entrepreneur 企业家，创业者
6. fluctuation 波动，涨落，起伏
7. pragmatically 实用地
难句译注
1. Even 15 years after the program was implemented minority business receipts were not quite two percent of the national economy’s total receipts.
【参考译文】甚至在这个计划执行后15年，少数民族工业的收入还不到全国总收入的2％。
2. Recently federal policy makers have adopted an approach intended to accelerate development of the supporting large, growth oriented minority firms through intermediary companies.
【参考译文】最近，联邦决策者采取一项措施，旨在加速少数民族工商业的发展，他们不再直接帮助小型的少数民族企业，而是转向通过中间公司来支持规模较大、有发展潜力的少数民族公司。
3. By making use of government-sponsored venture capital.
利用政府资助的风险资本。
4. The MESBIC then provides capital and guidance to minority businesses that have potential to become future suppliers or customers of the sponsoring company.
【参考译文】然后再由MESBIC向那些少数民族企业提供资金、进行指导。这些企业是有成为赞助公司的未来供应商或客户的潜力的。
5. MESBIC – minority enterprise small business investment company
少数民族小型企业投资公司。
6. MESBIC’s are the result of the belief that providing established firms with easier access to relevant management techniques and more job-specific experience, as well as substantial amounts of capital, gives those firms a greater opportunity to develop sound business foundations than does simply making general management experience and small amounts of capital available.
【参考译文】MESBIC的建立基于这种信念：为已建公司提供方便，使它更容易获得相关的管理技术更具体的工作经验以及大笔资金要比简单地给予一般管理经验和小笔资金更能使它们获得机会去建立稳固的商业基础。
7. The latter often still think mainly in terms of the ‘social responsibility approach’ and thus seem to prefer deals that are riskier and less attractive than normal investment criteria would warrant.
【参考译文】后者――高级经理们――在有大多数情况下，仍然常常从“社会责任的角度”来考虑问题，因此，他们似乎更倾向于选择那些比正常投资标准更具风险性，而不太引人注目的项目。
写作方法与文章大意
文章主要采用因果以及对比的写作方法。先点出SBA计划――联邦政府对少数民族去也的赞助（）的失败及其原因。
为此，联邦决策者改变方法，通过中介公司，建立MESBIC。由它来帮助少数民族企业――使其获得相应的管理技术、具体工作经验和大量资金，甚至潜在的市场――取得了成功。
可内部存在问题，MESBIC的职工和领导者之间的意见分歧，职工的投资观点更切实际，而领导者仍从“社会责任的角度”来考虑问题，若不改变，有可能重蹈SBA之覆辙。
