Year after year the federal government takes our tax dollars and spends our hard earned revenues without regard for the legal and moral obligation to award women-owned firms our fair share of federal contracts.
In 1994, Congress established an incredibly low 5% goal for contracting with women-owned firms. Since 1994, year after year, the federal government has failed to meet or beat the 5% goal for federal contracting with women-owned small businesses. The consequences of this discriminatory failure? Women-owned firms have lost $90 billion of dollars in opportunities. This colossal opportunity loss negatively impacts women's business growth, retirement preparedness, our families, our employees, our employee's families and our communities.
Between FY 1995 and FY 2010, the total loss to women-owned firms due to the failure of the federal government to meet the 5% contracting goal is $89,926,788,994.