Massachusetts
Defense Breakdown Economic Impact Report
By Contractor Location Data -- Sorted by Ethnic Group
(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 Massachusetts 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 Massachusetts 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 | Ethnic Group | Contract Count | $ Amount | Reduction
by 9.0% | Reduction
by 18.0% | | Massachusetts | 2011 | -- | 13,113 | $12,798,808,143 | -$1,151,892,779 | -$2,303,785,557 |
| Massachusetts | 2011 | Asian-Indian American | 7 | $2,910,762 | -$261,969 | -$523,937 |
| Massachusetts | 2011 | Asian-Pacific American | 501 | $14,625,123 | -$1,316,261 | -$2,632,522 |
| Massachusetts | 2011 | Black American | 82 | $11,704,135 | -$1,053,372 | -$2,106,744 |
| Massachusetts | 2011 | Hispanic American | 100 | $68,355,727 | -$6,152,016 | -$12,304,031 |
| Massachusetts | 2011 | Native American | 1 | $2,539,749 | -$228,577 | -$457,155 |
| Massachusetts | 2011 | Subcontinent Asian American Owned Business | 183 | $142,610,777 | -$12,834,970 | -$25,669,941 |
TOTAL | | | 13,987 | $13,041,554,416 | -$1,173,739,944 | -$2,347,479,887 |
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 00:12:55 www.forthecommondefense.org