The North Carolina Military Business Center, recently announced that businesses executed $8.93 billion in federal prime contracts in North Carolina in FY 2022. This included $5.51 billion in Department of Defense prime contracts. Cumberland County was one of the highest performing counties across the state grossing $1.4 billion worth of federal contracts.
“Each of these prime contracts – and perhaps billions more in subcontracts – grows jobs, expands the economy and tax base and improves quality of life for everyone in North Carolina,” said NCMBC Executive Director Scott Dorney in a press release. “The defense and federal economy in North Carolina remained strong in 2022, as businesses of all sizes across the state leveraged sustained opportunities to grow their federal business portfolios. The State’s investment in growing the defense economy and its commitment to sustaining our military installations and warfighters are benefiting all North Carolinians every day.”
Fiscal Year 2022 figures:
This is a developing story.
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