2014 ADC INSTALLATION INNOVATION FORUM | PAGE 2 Virginia Economy

2014 ADC INSTALLATION INNOVATION FORUM | PAGE 3  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  USASpending.gov:  Prime contracts and subprimes  By place of performance

2014 ADC INSTALLATION INNOVATION FORUM | PAGE 5  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  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   Chris Chmura    Leslie Peterson  