New Jersey Defense Breakdown Economic Impact Report
Defense Contracts by Veteran Ownership, New Jersey, 2010
Using Contractor Location Data -- Sorted by Veteran Ownership
New Jersey Summary Report
Go to www.forthecommondefense.org/reports to view detailed reports on New Jersey counties, cities, Congressional Districts, industries, small businesses and information on sources and methodology.
- 9%: In 2012, President Obama limited U.S. military capability to fighting one "regional conflict" and one "holding action." Defense budgets for 2013-2021 were cut $487 billion -- a 9% cut, at a minimum.
- 18%: "Sequestration," required by law in 2011, mandates $500 billion more in 2013-2021 defense cuts -- an 18% cut, at a minimum. President Obama said he will veto any changes Congress makes.
- Be Prepared: In 2013 these cuts in defense jobs and businesses will hit New Jersey counties, cities and industries. This report shows how "National Average" defense budget reductions of at least 9% and 18% could affect New Jersey, using actual 2010 New Jersey data.
- Ask Questions: In 2012, Congress and President Obama will decide on the specific defense budget cuts. In the next 6 months, find out if these defense cuts affect your community more -- or less -- than this national average. See www.forthecommondefense.org/reports for reports on cities, counties, industries and more.
| State | Contract Year | Veteran Ownership | Contract Count | $ Amount | Reduction
by 9.0% | Reduction
by 18.0% | | New Jersey | 2010 | -- | 19,937 | $8,163,224,545 | -$734,690,238 | -$1,469,380,476 |
| New Jersey | 2010 | Other Veteran | 1,076 | $222,948,324 | -$20,065,350 | -$40,130,700 |
| New Jersey | 2010 | Service-Disabled Veteran | 390 | $64,004,771 | -$5,760,430 | -$11,520,859 |
TOTAL | | | 21,403 | $8,450,177,640 | -$760,516,018 | -$1,521,032,035 |
Created by the Center for Security Policy
Defense Breakdown Economic Impact Report Generator (v.2.2.0-CL) February 20, 2012 00:05:58 www.forthecommondefense.org