We Will contact You Soon....
In recent news, President Trump has talked about a $2 Trillion Public Works Package for the federal government to restart the economy after the COV-19 Pandemic subsides. A lot of that money will be spent on bridges and roads, but some will be spent on Federal and DoD facilities. Therefore, we can expect a major boost in federal construction spending in the next six months, which should create a lot of opportunities for 8(a) certified firms.
Facts to know
The federal government currently spends $23.85B annually on construction projects. $4.6B (or 19%) is with 8(a) Certified Construction Companies.
Averages
The average Federal Construction spending for 2019 was $4.6MM per 8(a) firm. Below is the state by state averages.
|
State |
8(a) Construction Firms |
8(a) Firm Construction Spending 2019 |
Average Federal Construction Spending per 8(a) Firm |
|
|
AK |
Alaska |
87 |
734,958,158 |
8,447,794 |
|
AL |
Alabama |
20 |
54,489,804 |
2,724,490 |
|
AR |
Arkansas |
5 |
7,373,468 |
1,474,693 |
|
AZ |
Arizona |
50 |
88,361,927 |
1,767,239 |
|
CA |
California |
250 |
415,326,460 |
1,661,306 |
|
CO |
Colorado |
43 |
158,946,196 |
3,696,423 |
|
CT |
Connecticut |
3 |
4,396,034 |
1,465,344 |
|
DC |
District of Columbia |
32 |
13,062,494 |
408,203 |
|
DE |
Delaware |
7 |
2,444,084 |
349,155 |
|
FL |
Florida |
130 |
250,773,786 |
1,929,029 |
|
GA |
Georgia |
56 |
89,076,632 |
1,590,654 |
|
GU |
Guam |
10 |
4,342,039 |
434,204 |
|
HI |
Hawaii |
26 |
109,625,953 |
4,216,383 |
|
IA |
Iowa |
8 |
7,146,789 |
893,349 |
|
ID |
Idaho |
20 |
49,594,661 |
2,479,733 |
|
IL |
Illinois |
30 |
37,989,651 |
1,266,322 |
|
IN |
Indiana |
8 |
11,222,713 |
1,402,839 |
|
KS |
Kansas |
7 |
6,501,441 |
928,777 |
|
KY |
Kentucky |
10 |
23,925,157 |
2,392,516 |
|
LA |
Louisiana |
70 |
208,974,152 |
2,985,345 |
|
MA |
Massachusetts |
14 |
39,695,238 |
2,835,374 |
|
MD |
Maryland |
91 |
325,578,406 |
3,577,785 |
|
ME |
Maine |
3 |
19,061,406 |
6,353,802 |
|
MI |
Michigan |
25 |
54,768,968 |
2,190,759 |
|
MN |
Minnesota |
8 |
5,512,976 |
689,122 |
|
MO |
Missouri |
24 |
86,232,159 |
3,593,007 |
|
MS |
Mississippi |
31 |
16,304,147 |
525,940 |
|
MT |
Montana |
6 |
7,421,998 |
1,237,000 |
|
NC |
North Carolina |
27 |
96,273,608 |
3,565,689 |
|
ND |
North Dakota |
5 |
33,552,615 |
6,710,523 |
|
NE |
Nebraska |
7 |
43,164,924 |
6,166,418 |
|
NH |
New Hampshire |
2 |
6,908,095 |
3,454,048 |
|
NJ |
New Jersey |
29 |
72,258,459 |
2,491,671 |
|
NM |
New Mexico |
44 |
103,829,783 |
2,359,768 |
|
NV |
Nevada |
15 |
56,864,429 |
3,790,962 |
|
NY |
New York |
32 |
41,822,937 |
1,306,967 |
|
OH |
Ohio |
26 |
48,568,575 |
1,868,022 |
|
OK |
Oklahoma |
31 |
154,086,900 |
4,970,545 |
|
OR |
Oregon |
13 |
5,307,520 |
408,271 |
|
PA |
Pennsylvania |
22 |
42,901,084 |
|
Comment