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Article: '98 Federal Spending In Region Set Record; $71 Billion Helped Economy to Surge
- Article from:
- The Washington Post
- Article date:
- April 14, 1999
- Author:
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The federal government poured a record $71 billion into the
Washington region in 1998 in salaries, contracts and other payments,
the Census Bureau reported yesterday, helping fuel the best year for
the area's economy in a decade.
For all of the region's growth in private-sector companies
focusing on Internet, software and telecommunications technology, the
Census Bureau report underscored the critical role still played by
the federal government's employees and firms that sell to the
government.
In per capita terms, federal spending pumped more than $16,500
into the regional economy for each man, woman and child in Washington
and its suburbs, more than double the amount received by any of the ...