Iowa
Defense Breakdown Economic Impact Report
By Contractor Location Data -- Sorted by Type of Business
(FY 2011 Defense Contracts Baseline Data)
Includes Estimated 9% Annual Budget Reduction
And
Estimated 18% Sequestration Annual Budget Reduction
Starting in FY 2013
Go to www.forthecommondefense.org/reports to view detailed reports on Iowa 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.
- Earlier Budget Cuts: the first 9% Defense Budget Reduction: Defense budgets for 2013-2021 were cut $487 billion -- an average 9% cut over 9 years. In 2012, President Obama limited U.S. military capability to fighting one "regional conflict" and one "holding action."
- Sequestration Budget Cuts: the second 9% Defense Budget Reduction: "Sequestration," also required by law in 2011, mandates $500 billion more in 2013-2021 defense cuts -- an average total 18% cut. In 2011 President Obama said "I will veto any effort to get rid of those automatic spending cuts."
- 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.
- Be Prepared: These reports show how estimates of 2013 defense budget reductions of 9% and 18% could affect Iowa with cuts in defense jobs and businesses. Ask your elected officials for ongoing updates on how these defense cuts will affect your community.
| |
State | Contract Year | Type of Business | Contract Count | $ Amount | Reduction by 9.0% | Reduction by 18.0% | Iowa | 2011 | -- | 2,374 | $1,183,318,172 | -$106,498,640 | -$212,997,279 |
Iowa | 2011 | JWOD Participating Nonprofit Agency | 7 | $144,781 | -$13,030 | -$26,061 |
Iowa | 2011 | Local Government Organization | 16 | $236,673 | -$21,301 | -$42,601 |
Iowa | 2011 | Minority Institution (MI) | 205 | $49,399,312 | -$4,445,938 | -$8,891,877 |
Iowa | 2011 | Other Educational Institution | 13 | $3,483,710 | -$313,534 | -$627,068 |
Iowa | 2011 | Other Nonprofit Institution | 24 | $15,627,128 | -$1,406,442 | -$2,812,883 |
Iowa | 2011 | Small Business 8A Firm Performing in the United States | 93 | $13,798,543 | -$1,241,869 | -$2,483,738 |
Iowa | 2011 | Small Disadvantaged Business (SDB) Performing in the United States | 36 | $9,028,279 | -$812,545 | -$1,625,090 |
Iowa | 2011 | State Government Organization | 11 | $3,379,349 | -$304,141 | -$608,283 |
TOTAL | | | 2,779 | $1,278,415,947 | -$115,057,440 | -$230,114,880 |
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.2.7.0-CL) February 21, 2013 00:12:46 www.forthecommondefense.org