Increased Federal and Defense Prime Contracting in NC
The Department of Defense (DoD) and Department of Veterans Affairs 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 fourth 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 Department of Military and Veterans Affairs, the North Carolina Department of Commerce and the North Carolina Military Business Center (NCMBC) are pleased to announce that federal and defense spending on prime contracts in North Carolina increased significantly in fiscal year 2015 over fiscal year 2014 levels.
“North Carolina’s growing defense contracting industry demonstrates the close connection between our military installations, the business community and the State of North Carolina,” said Secretary Cornell Wilson, North Carolina Department of Military and Veterans Affairs.
“The booming defense industry lands our great state millions each year in contracts that lead to further growth for existing business and jobs,” said North Carolina Commerce Secretary John E. Skvarla, III. “We want the Department of Defense to feel welcome in North Carolina where everything is possible and Nothing Compares℠.”
“While we are pleased that businesses executed over $4.9 billion in federal contracts in NC during FY2015, this represents only one part of the total contracting activity in the state,” said Scott Dorney, NCMBC Executive Director. “Businesses in North Carolina most likely performed additional billions of dollars in subcontracts in support of prime contractors worldwide.”
FISCAL YEAR 2015 FIGURES:
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About the North Carolina Department of Military & Veterans Affairs. Under the leadership of Secretary Cornell Wilson, the new Department of Military and Veterans Affairs will focus on protecting North Carolina’s military installations, working with the communities around military bases, helping military families and veterans get the support and services they need, and helping connect veterans with jobs.
About the North Carolina Department of Commerce. The North Carolina Department of Commerce is the state’s lead agency for economic, community and workforce development. The Department works with local, regional, national and international organizations to fulfill its mission to improve the economic well-being and quality of life for all North Carolinians.
About the North Carolina Military Business Center. The North Carolina Military Business Center (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 $48 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 fourth 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 2,176 contracts – worth between $4.35 billion and $24.48 billion – from the NCMBC’s opening in 2005 through February 2016.
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.