The establishment of the Small Business Administration was the first major government foray into venture investing.

Name: The establishment of the Small Business Administration was the first major government foray into venture investing.
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The Small Business Administration (SBA) was established in 1953 to provide financial assistance and other support to small businesses. The SBA's venture capital program, which provides funding to small businesses with high growth potential, was established in 1982.

The Establishment of the Small Business Administration Was the First