The first major government foray into venture investing came with the formation of the Small Business Administration (SBA)in 1947.

Question

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The first major government foray into venture investing was through the creation of the American Research and Development Corporation (ARDC) in 1946, not the SBA. The SBA, established in 1953, primarily provides support to small businesses through loans and grants rather than venture investing.

The First Major Government Foray into Venture Investing Came with the Formation