Feds Crack Down On Minority Contracting Schemes, D.C.’s Worst-Kept Secret
Pessimistic
-39.2
For decades, a portion of all federal contracts have been “set aside” for minority- and women-owned businesses, who can be awarded millions of dollars with little or no competition. It’s a practice that has led to open corruption and the waste of hundreds of billions of dollars, with “disadvantaged” firms often simply “partnering” with a non-minority firm who owns 49% of the company, but does much of the work.
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