At the same time that the Carter administration cut social welfare spending, it wrote support for minority business more boldly into law through federal contract set-asides. Under the Reagan administration, which decimated federal support for social welfare spending, federal procurement from minority businesses continued to rise. In 1981 minority businesses received 3.4 percent of all federal procurement expenditures. By 1994, they received 8.3 percent, or $14.4 billion.
