From the Los Angeles Times — New rules may help women-owned firms get federal contracts
Last Updated on Monday, 16 August 2010 03:30 Written by spence Monday, 16 August 2010 03:30
Holli Dorr, owner of Hollister Construction Co. in Anaheim, hopes the Small Business Administration program's rules will help her company receive a contract to build military housing. (Gary Friedman / Los Angeles Times)
In 1994, Congress passed a law requiring that a minimum of 5% of the money spent on government contracts go to the nation’s businesses that are majority-owned by women.
That was great news for women who believed they had never received a fair share of those contracts.
But the government didn’t reach that mandated goal, and six years later Congress passed the Equity in Contracting for Women Act to give women-owned businesses more traction getting federal contracts.
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