Dayton Business Journal
The Center for Security Policy has posted new Congressional district reports to help estimate the potential local economic impacts of the ten-year $500 billion in cuts to the nation’s defense budget under Sequestration.
The reports provide a 2011 baseline to see how congressional districts may be affected by the planned across-the-board sequestration cuts in the 2013 defense budget.
Sequestration is already starting to pinch defense contractors in the Dayton area and industry insiders say it will have a disastrous effect on the regional economy when it kicks in next year.
The Dayton region is especially vulnerable to defense cuts, as it’s home to Wright-Patterson Air Force Base. The Top 25 largest defense contractors account for 3,000 Dayton-area employees and more than $755 million in combined local Defense Department contract awards in the most recent year, according to Dayton Business Journal research.
This article can be read here: http://www.bizjournals.com/dayton/blog/2012/09/group-posts-congressional-reports-to.html