As the nation's capital, the District of Columbia is a federal city and its complex economic and policy touch points with the national government have created both successes and distinctive challenges. The District's deep economic ties to the federal government bring both benefits and costs. Stable federal employment can provide an anchor during recessions, much like it has in the last few years, buttressing the city's office market and cushioning sectors like retail that are sensitive to residents' disposable income.
- There are approximately 213,000 employees who work for the federal government (30 percent of all District jobs).
- The US federal government is the largest customer in the world.
- The federal IT budget in 2011 was $78.8 billion with 52 percent dedicated to civilian purchases.
- Regulators and policymakers provide subject matter expertise to businesses of all kinds.
Top Washington Contractors
|Contractor Name||Contract Budget|
|Clark Enterprises||$75.44 M|
|Lockheed Martin||$74.67 M|
|AKAL Security Inc.||$72.50 M|
|Forfeiture Support Associates, LLC||$50.12 M|
|Bearing Point, INC||$43.39 M|
|Deloitte LLP||$37.57 M|
|Computer Science Corp||$36.04 M|