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(Wall Street Journal) — A Bloomberg administration initiative intended to help minority- and women-owned companies secure more public contracts has steered little money to black-owned firms, according to city data.  In the last year and a half, about three-quarters of city dollars paid to contractors participating in the program went to companies owned by either Asian Americans or white women. Businesses run by Latinos received 15% of that pool of money.  The smallest share, 7%, went to black-run firms.  “It’s a shockingly paltry amount,” said city Comptroller John Liu, a first-term Democrat.  The program has been a magnet for criticism since Mayor Michael Bloomberg and the City Council approved a law in 2005 that set voluntary goals for awarding a certain percentage of contracts to businesses registered as owned by minorities or women.

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