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Virgin Islands

Defense Breakdown Economic Impact Report
By Contractor Location Data -- Sorted by Industry Classification

(FY 2012 Defense Contracts Baseline Data)

Estimated 9% to 18% Annual Budget Reductions Starting in FY 2013

Go to www.forthecommondefense.org/reports to view detailed reports on Virgin Islands counties, cities, Congressional Districts, industries, small businesses and information on sources and methodology.


         BACKGROUND ON THE DEFENSE BUDGET CUTS: 2013-2021

  • Our military is carrying an unfair burden of deficit cuts. To date, our Defense budget has been hit with 50% of deficit reduction -- yet it accounts for less than 20% of total federal spending. As a result of these cuts, in 2012 President Obama limited U.S. military capability to fighting one "regional conflict" and one "holding action."
     
  • Sequestration Defense budget cuts of $500 billion, combined with previous Defense cuts of another $487 billion, will cut defense spending in local communities by 9% to 18% between 2013 and 2021.
     
  • These reports show how estimates of defense budget reductions from 9% to 18% could affect Virgin Islands with cuts in defense jobs and businesses. Ask your elected officials for ongoing updates on how these defense cuts will affect your community.
     
  • Alternative solutions have been proposed to maintain a strong defense, reduce our deficit and avoid tax increases. Elected officials have proposed that the President and Congress reduce mandatory entitlement spending and make cuts in the non-security programs in the Federal budget. Over 60% of federal spending goes to entitlements like Social Security, Medicare, Medicaid and now Obamacare.
 

StateContract YearIndustry ClassificationContract Count$ AmountReduction
   by 9.0%
Reduction
   by 18.0%
Virgin Islands2012All Other Consumer Goods Rental3$540-$49-$97
Virgin Islands2012All Other Industrial Machinery Manufacturing1$56,830-$5,115-$10,229
Virgin Islands2012Cable and Other Subscription Programming1-$4,926$443$887
Virgin Islands2012Caterers18$21,298-$1,917-$3,834
Virgin Islands2012Civic and Social Organizations1$7,900-$711-$1,422
Virgin Islands2012Commercial and Institutional Building Construction2-$335,792$30,221$60,443
Virgin Islands2012Commercial Screen Printing2$12,154-$1,094-$2,188
Virgin Islands2012Engineering Services5$58,583-$5,272-$10,545
Virgin Islands2012Facilities Support Services1$1,567,038-$141,033-$282,067
Virgin Islands2012Food Service Contractors1$0$0$0
Virgin Islands2012Fresh Fruit and Vegetable Merchant Wholesalers1$128,162-$11,535-$23,069
Virgin Islands2012Glass and Glazing Contractors1$0$0$0
Virgin Islands2012Home Furnishing Merchant Wholesalers1$0$0$0
Virgin Islands2012Hotels (except Casino Hotels) and Motels12$180,929-$16,284-$32,567
Virgin Islands2012Human Resources Consulting Services1$6,248-$562-$1,125
Virgin Islands2012Industrial Building Construction1$122,057-$10,985-$21,970
Virgin Islands2012Janitorial Services3$151,704-$13,653-$27,307
Virgin Islands2012Lessors of Miniwarehouses and Self-Storage Units1$4,680-$421-$842
Virgin Islands2012Musical Instrument and Supplies Stores1$105,336-$9,480-$18,960
Virgin Islands2012Natural Gas Distribution1$0$0$0
Virgin Islands2012Office Administrative Services1$24,029-$2,163-$4,325
Virgin Islands2012Other Computer Related Services1$10,977-$988-$1,976
Virgin Islands2012Other Grocery and Related Products Merchant Wholesalers2$3,256,269-$293,064-$586,128
Virgin Islands2012Other Heavy and Civil Engineering Construction2$407,573-$36,682-$73,363
Virgin Islands2012Petroleum Refineries1$11,844-$1,066-$2,132
Virgin Islands2012Satellite Telecommunications2$3,441-$310-$619
Virgin Islands2012Security Systems Services (except Locksmiths)4$68,620-$6,176-$12,352
Virgin Islands2012Sewage Treatment Facilities1$190-$17-$34
Virgin Islands2012Sporting and Athletic Goods Manufacturing2$412,522-$37,127-$74,254
Virgin Islands2012Supermarkets and Other Grocery (except Convenience) Stores5$123,109-$11,080-$22,160
Virgin Islands2012Water and Sewer Line and Related Structures Construction1$109,748-$9,877-$19,755
Virgin Islands2012Wired Telecommunications Carriers4$19,623-$1,766-$3,532
Virgin Islands2012Wireless Telecommunications Carriers (except Satellite)2$15,974-$1,438-$2,875
TOTAL  86$6,546,660-$589,201-$1,178,397

Data sources and more data available at www.governmentcontractswon.com, compiled from public data at www.fpds.gov

Created by the Center for Security Policy Defense Breakdown Economic Impact Report Generator (v.2.8.0-CL) November 6, 2013 16:42:12 www.forthecommondefense.org