Jay Clemens
Market research firm Deltek has issued a new study which shows that D.C. area federal spending reached a total of $101.1 billion in fiscal year 2012, the Washington Post reported Sunday.
Jennifer Sakole, principal research analyst at Deltek, writes federal spending in the District, Maryland and Virginia represented one-fifth of federal contract obligations and the region’s information technology spending accounted for 50 percent of all IT allocations.
Thirty-three percent of all professional services spending and 18 percent of research and development investments were made in that three-state area, according to the report.
Defense spending reached nearly 55 percent in fiscal 2012 and civilian projects accounted for approximately 45 percent, the report says.
