FEDERAL AND DEFENSE CONTRACTING IN NORTH CAROLINA INCREASED BY OVER $1 BILLION IN FY19
FAYETTEVILLE (MAR 25, 2020) – The Department of Defense (DoD) has an annual impact of over $66 billion and is the second largest sector of the North Carolina economy (12% of GDP). With six major military installations, over 100 National Guard and 40 Army Reserve facilities and the third highest number of uniformed military personnel in the country, North Carolina continues to provide comprehensive support to the military and federal agencies worldwide, including products, services and infrastructure from businesses across the state to support our men and women in uniform.
The North Carolina Military Business Center (NCMBC), a business development entity of the North Carolina Community College System headquartered at Fayetteville Technical Community College, is pleased to announce that federal and defense spending on prime contracts in North Carolina increased in fiscal year 2019 by over $1 billion, compared to fiscal year 2018.
“In 2019, businesses in our state executed over $7.1 billion in federal prime contracts, $4.6 billion in DoD prime contracts, and billion(s) more as subcontractors and suppliers on federal projects. Each prime and subcontract performed grows jobs, expands the economy and tax base and improves quality of life for everyone in North Carolina,” said Scott Dorney, NCMBC Executive Director.
FISCAL YEAR 2019 FIGURES:
DoD prime contracts executed in NC increased by $959 million, from $3.7 to $4.6 billion
Prime contracts from all federal agencies executed in NC increased by $1.02 billion, from $6.16 to $7.18 billion
Businesses in 98 NC counties performed work for the federal government as prime contractors
Businesses in 80 NC counties performed work for DoD as prime contractors
Businesses in 40 NC counties performed over $10 million in federal prime contracts
Businesses in 16 NC counties performed over $75 million in federal prime contracts, including:
For a full list of county data, statewide heat map and additional information, contact Courtney Smedick at Courtney@ncmbc.us or visit www.ncmbc.us.
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The NCMBC is a component of the NC Community College System, headquartered at Fayetteville Technical Community College (2201 Hull Road, Fayetteville, NC, 28303).
The NC Military Business Center, the NC Community College System, and the State of North Carolina do not officially endorse events. These items are posted strictly for the information and convenience of NCMBC customers.