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Women's Businesses Get 5% of Federal Contracts, a Goal First Set in 1994

Mar 02, 2016 - The New York Times

After more than 20 years of effort, the federal government has, for the first time, met its goal of awarding 5 percent of the money it spent on contractors to businesses owned by women.

Small companies captured 25.8 percent of the government's contracting dollars last year, representing $90.7 billion, the Small Business Administration plans to announce on Wednesday. About $17.8 billion of that total went to businesses owned by women during the fiscal year, which ended in September.

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