2014 adc installation innovation forum | page 2 virginia economy
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2014 ADC INSTALLATION INNOVATION FORUM | PAGE 2
Understanding the Impact of Potential Defense Industry Cuts:
• Virginia Economy
2014 ADC INSTALLATION INNOVATION FORUM | PAGE 3
Understanding Potential Impact of DoD Cuts
Overview of the model Obtain data - download prime and subprime contract
awards Scrub the data Identify risk to regions based on industries’
Sales of products/services Employment by industry Occupations Current awards Projection of awards 5 years from now
Demonstration of the model
2014 ADC INSTALLATION INNOVATION FORUM | PAGE 4
Create a DatabaseDetermine Risks Based on Total Awards
USASpending.gov: Prime contracts and
subprimes By place of
performance
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Scrub the Data Need to correct when nonDoD agencies procure what ends
up in DoD Time over which contract is performed Subprime awards
Need to be associated with the correct county (place of performance) Need to be checked for the correct NAICS code
Surveys are used To add subprime awards not in USASpending database To improve the multipliers
2014 ADC INSTALLATION INNOVATION FORUM | PAGE 6
Applying Procurement Impact Model Information Identify firms for business retention and
expansion program outreach Think about potential occupation impacts
Workforce: transition skills Mitigation strategies….minimize loss Marketing opportunity….maximize firm attraction
Start ups/entrepreneurship Increase industry diversity
2014 ADC INSTALLATION INNOVATION FORUM | PAGE 7
Questions Before Demo www.chmuraecon.com/dodimpact Chris Chmura
804-649-3640 [email protected]
Leslie Peterson 804-649-1107 [email protected]