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Government Agencies Fail to Hire Women-Owned Businesses, Again

The Small Business Administration announced its annual tally of federal contracting results on Friday, and the results were familiar: The government failed, yet again, to meet its target for awarding 5 percent of contracts to women-owned small businesses. In the 20 years since Congress set the 5 percent goal, the federal government has never hit its mark.

About 4.3 percent of total contracts went to women-owned businesses, according to data available online. That amounts to $15.5 billion, $2.3 billion short of the goal. Over the last 20 years, these kinds of missed opportunities have cost women business owners at least $63 billion, according to a recent report from the Senate Committee on Small Business and Entrepreneurship.