North Carolina Leaders Target $152 Billion DoD Spending for Small Business Innovation
Updated
Updated · The Pilot Newspaper · Jun 12
North Carolina Leaders Target $152 Billion DoD Spending for Small Business Innovation
1 articles · Updated · The Pilot Newspaper · Jun 12
Summary
$152 billion in Defense Department funding expected to be spent this fiscal year has become the focus of North Carolina leaders seeking to channel more military-related contracts to small businesses.
That push builds on a statewide effort in recent years to assess how stronger support for military-focused entrepreneurship could expand the state's economic base.
State and local officials see the opportunity not just as contract capture but as a way to lay a longer-term foundation for innovation and growth if smaller firms can access the money.