Friday 19th April 2024

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Missouri ranks eighth in federal contracting dollars as a share of total state gross domestic product (GDP).

According to the University of Missouri Extension, Missouri-based firms received $15.1 billion in prime federal contracts and almost $3 billion in subcontract awards in federal fiscal year 2019.

These contracts represented 5.4 percent of Missouri’s $332 billion 2019 GDP.

This information is according to Federal Contracting Trends in Missouri, a report by Mark C. White, state specialist with the University of Missouri Extension labor and workforce development program.

The report draws on the USAspending.gov database to show the impact of federal contracting in Missouri over the last decade, including:
• Federal contracting dollars in Missouri relative to other states.
• Which federal agencies spend the most money in Missouri.
• Which Missouri-based companies receive the most federal contracting dollars.
• Federal contracting benefits to small and veteran-, minority- or women-owned businesses.