Federal/Defense Contracting Increased by 1 Billion in NC, FY18
FOR IMMEDIATE RELEASE
FEDERAL AND DEFENSE CONTRACTING INCREASED BY 1 BILLION IN NORTH CAROLINA, FY18
FAYETTEVILLE (MAR 6, 2019) – The Department of Defense (DoD) has an annual impact of $66 billion and is the second largest sector of the North Carolina economy (12% of GDP). With six major military installations, 116 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 2018 over fiscal year 2017.
“In 2018, businesses in our state executed over $6.1 billion in federal prime contracts, $3.7 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 2018 FIGURES:
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About the North Carolina Military Business Center (NCMBC). The NCMBC is a business development entity of the North Carolina Community College System, headquartered at Fayetteville Technical Community College (FTCC). The mission of the NCMBC is to leverage military and other federal business opportunities to expand the economy, grow jobs and improve quality of life in North Carolina. The NCMBC’s primary goal is to increase federal revenues for businesses in North Carolina. The Department of Defense has an annual impact of $66 billion and is the second largest sector of North Carolina’s economy (12% GDP). With six major military bases, 116 National Guard and 40 Army Reserve facilities and the third highest number of military personnel in the country, the State of North Carolina created the NCMBC to leverage opportunities with these installations and with DoD commands worldwide. Assisted firms won 3,168 contracts – minimum value of $10.3 billion – from the NCMBC’s opening in 2005 through February 2018.
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.