Cumberland County executed over $1 billion in federal prime contracts in 2022
By Staff Report, posted Mar 13, 2023 on BizFayetteville.com
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:
- Prime contracts from all federal agencies executed in North Carolina: $8.93 billion ($7.38 billion in FY21)
- Department of Defense prime contracts executed in North Carolina: $5.51 billion ($3.83 billion in FY21)
- Business in 95 counties performed work for the federal government as prime contractors
- Businesses in 77 counties performed work for the Department of Defense as prime contractors
- Businesses in 40 counties performed over $10 million in federal prime contracts
- Businesses in 16 counties performed over $75 million in federal prime contracts, including Cumberland County which performed $1,493,534,188.64
This is a developing story.
Copyright © 2024
Enhanced Media Management Inc. dba
Greater Fayetteville Business Journal
This story may be displayed, reformatted and printed for your personal, noncommercial use only and in
accordance with our Terms of Service located at https://bizfayetteville.com/useragreement.