Minority Enterprise Development Act of 1994

[AI summary unavailable — showing source text] TABLE OF CONTENTS: Title I: Amendments to Minority Small Business and Capital Ownership Development Program Title II: Amendments to Contracting Program Minority Enterprise Development Act of 1994 - Title I: Amendments to Minority Small Business and Capital Ownership Development Program - Amends the Small Business Act (the Act) to rename the small business and capital ownership development program as the Minority Enterprise Development Program (Program). Extends certain Program time limitations with respect to small businesses participating in Program activities on the date of enactment of this Act. Provides for a nine-year Phase III period of small business participation in the Program, requiring Program participants to attempt to meet certain business plan goals during the first four years, and again during the last five years, of Phase III. Prohibits small business forecasts or contract support levels from being used by the Small Business Administration (SBA) to declare a firm ineligible for the award of a contract under the Act. (Sec. 106) Allows a protest to be brought by various interested parties regarding a self-certification by a business concern of its status as a small bu…