Military Business

$7.38 Billion spent in Federal Prime Contracts in North Carolina in FY2023; Cumberland County takes the top spot

By Staff Report, posted 2 years ago
Graphic courtesy of NCMBC

The North Carolina Military Business Center (NCMBC), a business development and technology transition entity of the State of North Carolina embedded in the State’s community colleges and headquartered at Fayetteville Technical Community College, has just announced that businesses executed $7.38 billion in federal prime contracts in North Carolina in FY2023. 

“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 Scott Dorney, NCMBC Executive Director, in a press release. “The defense and federal economy in North Carolina remained strong in 2023, 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 2023 FIGURES: 

  • Prime contracts from all federal agencies executed in North Carolina: $7.38 billion
  • Department of Defense prime contracts executed in North Carolina: $4.14 billion 
  • Business in 95 counties performed work for the federal government as prime contractors
  • Businesses in 79 counties performed work for the Department of Defense as prime contractors
  • Businesses in 38 counties performed over $10 million in federal prime contracts
  • Businesses in 14 counties performed over $75 million in federal prime contracts, including: 
    • Cumberland: $1,975,239,358.85
    • Durham: $1,203,465,147.41
    • Onslow: $987,485,419.19
    • Craven: $531,310,820.15
    • Wake: $376,638,763.00
    • Guilford: $334,567,881.58
    • Mecklenburg: $209,207,752.97
    • Buncombe: $177,831,432.92
    • Pasquotank: $175,757,482.29
    • New Hanover: $130,181,938.35
    • Wayne: $115,796,725.31
    • Brunswick: $115,557,171.75
    • Forsyth: $91,708,643.25
    • Rockingham: $77,876,573.15

Join The Discussion

Similar Stories

Ico insights

INSIGHTS

SPONSORS' CONTENT

In The Current Issue

Multi-generational business expertise: How legacies in local businesses find sustained success

Join us Sept. 29 for our third Power Breakfast of 2026 as business leaders share how they leverage decades of institutional wisdom. The Greater Fayetteville Business Journal invites you to join us for our third quarterly Power Breakfast, The Fam


Local expertise: Critical Path Solutions LLC chosen as construction company for Skyeton Manufacturing renovations

Skyeton leadership have decided to look locally for a general contractor to head up major renovations for the 28,479-square-foot building they’ve selected as their new home. Fayetteville-based Critical Path Solutions LLC has been chosen as the primary contractor for bringing new life to the previous Black+Decker plant site.


Fort Bragg goes nuclear: Antares awarded Army Janus Program agreement to deliver nuclear microreactor power for Army’s energy resilience mission

From left to right: US Secretary of Energy Chris Wright with Antares Co-founder and CEO Jordan Bramble. Photos courtesy of Antares Nuclear, Inc. Antares Nuclear, Inc. recently announced that it has been awarded an Other Transactions Authority ag