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Tennessee

Defense Breakdown Economic Impact Report
By Contractor Location Data -- Sorted by Type of Business

(FY 2012 Defense Contracts Baseline Data)

Estimated 9% to 18% Annual Budget Reductions Starting in FY 2013

Go to www.forthecommondefense.org/reports to view detailed reports on Tennessee 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. As a result of these cuts, in 2012 President Obama limited U.S. military capability to fighting one "regional conflict" and one "holding action."
     
  • Sequestration Defense budget cuts of $500 billion, combined with previous Defense cuts of another $487 billion, will cut defense spending in local communities by 9% to 18% between 2013 and 2021.
     
  • These reports show how estimates of defense budget reductions from 9% to 18% could affect Tennessee with cuts in defense jobs and businesses. Ask your elected officials for ongoing updates on how these defense cuts will affect your community.
     
  • 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. Over 60% of federal spending goes to entitlements like Social Security, Medicare, Medicaid and now Obamacare.
 

StateContract YearType of BusinessContract Count$ AmountReduction
   by 9.0%
Reduction
   by 18.0%
Tennessee2012--3,807$3,224,649,829-$290,218,496-$580,436,992
Tennessee2012Federal Government Organization5$14,604,457-$1,314,401-$2,628,802
Tennessee2012JWOD Participating Nonprofit Agency8$1,321,043-$118,894-$237,788
Tennessee2012Local Government Organization10$3,543,677-$318,931-$637,862
Tennessee2012Minority Institution (MI)275$57,912,384-$5,212,115-$10,424,230
Tennessee2012Other Educational Institution17$1,725,007-$155,251-$310,501
Tennessee2012Other Nonprofit Institution45$14,909,021-$1,341,812-$2,683,624
Tennessee2012Small Business 8A Firm Performing in the United States747$194,558,157-$17,510,235-$35,020,470
Tennessee2012Small Disadvantaged Business (SDB) Performing in the United States443$32,888,870-$2,959,998-$5,919,997
Tennessee2012State Government Organization22$10,239,797-$921,582-$1,843,164
TOTAL  5,379$3,556,352,242-$320,071,715-$640,143,430

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.2.8.0-CL) November 6, 2013 16:42:03 www.forthecommondefense.org