Business Opportunity Development Reform Act of 1988

[AI summary unavailable — showing source text] Amends the Small Business Act to limit participation in the Small Business Administration's (SBA) small business and capital ownership development program. (Participation shall be conditioned upon the business concern meeting specified criteria of competitiveness.) Provides additional assistance (including special contracts and training grants) for business concerns deemed to be in the "developmental stage" of program participation. Allows the SBA to purchase developmental investments in business concerns deemed to be in the "transitional stage" of program participation. (Business concerns in the "transitional stage" may also receive the assistance provided business concerns in the "developmental stage.") Establishes within the Treasury a revolving fund to be used by the SBA to purchase such developmental investments. Authorizes appropriations for the fund. Allows the Administrator of the SBA to approve joint venture agreements between program participants and other businesses if such a venture will enhance the participant's progress toward competitive viability and strengthen the free enterprise system. Allows the SBA to award Government procurement contracts under the small busin…