Today Chmura released the second in a series of white papers examining the reliance of states on federal contract spending. Firms in Texas received $39.0 billion in federal contract awards in fiscal year (FY) 2013 in the United States —more than all other states except Virginia ($51.2 billion) and California ($47.6 billion). The Lone Star State boasts plentiful natural resources and an advanced industrial sector which are two of the reasons it is a large recipient of federal spending. Major metropolitan statistical areas such as Dallas, Houston, and San Antonio rely on this spending to support economic growth, particularly since the slow recovery from the Great Recession of 2007 to 2009.
- White Papers