Thursday, August 06, 2009
Many of the nation’s largest government contractors have received the biggest portion of stimulus funds to date, according to an analysis by Government Executive. The publication found 17 corporations were awarded $1.62 billion in contracts under the 2009 American Recovery and Reinvestment Act—after receiving nearly $68 billion last year for government work. In comparison, more than 1,100 small and mid-sized businesses have so far received a total of $1.45 billion as a result of the economic recovery legislation.
The vast majority of stimulus funds have been spent by the Department of Energy, mostly for construction, demolition and environmental cleanup projects at its laboratories. Energy officials have doled out almost $1.4 billion on contracts to large companies like Bechtel Group Inc. and Battelle Memorial Institute for work that includes demolition projects at the Oak Ridge site in Tennessee, building upgrades at Lawrence Berkeley National Laboratory, and large-scale environmental cleanup at the Idaho National Laboratory.
-Noel Brinkerhoff
Biggest Companies Rake in Recovery Act Contracts (by Robert Brodsky, Government Executive)
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