FOR IMMEDIATE RELEASE
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: