Milestone for #WomenContractors Highlights Industry Changes: bit.ly/1nzGvhd
The federal government reached a milestone this week that brings good news for women in business. For the first time in history, the federal government met its goal of awarding 5 percent of its contract money to women-owned small businesses.
It seems like a small number, but women who have been fighting for more opportunities in the procurement process say this was more than 20 years in the making.
The Women Owned Small Business Federal Contract Program was implemented in February 2011 but the process began with a federal law passed in 1994 that set the 5 percent goal. The contract program was then created in 2000 but was dormant until the Obama administration.
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