$32.1B in Federal Contracts Allocated to DC in FY23
The federal government allocated $987.7 billion in contracts in FY 2023, with $32.1 billion directed to projects in Washington, DC. Notably, approximately 52% of DC’s contract allotments since 2015 were distributed among five key industry sectors, according to research from JLL.
In 2023, the computer systems and design service sector secured the highest federal contract allocation in DC, totaling $5.2 billion and retaining this top position for the third consecutive year. This sector has consistently experienced an average annual growth of 8% since 2015, focusing on designing integrated computer systems spanning hardware, software, and communication technologies.
Chemonics International, Booz Allen Hamilton, Deloitte Consulting, Accenture Federal Services, and General Dynamics Information Technology emerged as the top five recipients of federal contracts in DC for FY 2023. Together, they captured 12.5% of total contract funding, ranging from $583 million to $918 million per entity.
Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money.
With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.