The North Carolina Department of Military and Veterans Affairs, the North Carolina Department of Commerce and the North Carolina Military Business Center (NCMBC) have announced that federal and defense spending on prime contracts in North Carolina has increased significantly in fiscal year 2015 over fiscal year 2014 levels.
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 percent 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.
“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 NCMBC executive director Scott Dorney. “Businesses in North Carolina most likely performed additional billions of dollars in subcontracts in support of prime contractors worldwide.”
Fiscal year 2015 figures:
- Department of Defense prime contracting in NC increased by $68 million, to $2.57 billion
- North Carolina Federal prime contracting in NC increased by $41 million to $4.90 billion
- Businesses in 33 NC counties performed over $10 million in federal prime contracts
Businesses in 12 NC counties performed more than $75 million in federal prime contracts:
- Hoke: $76.8 million
- New Hanover: $77.0 million
- Granville: $86.9 million
- Mecklenburg: $87.9 million
- Buncombe: $99.7 million
- Pasquotank: $110.9 million
- Guilford: $137.4 million
- Wake: $165.0 million
- Craven: $210.8 million
- Onslow: $522.0 million
- Cumberland: $1.0 billion
- Durham: $1.5 billion
For additional information contact Courtney Smedick at Courtney@ncmbc.us or visit www.ncmbc.us.