The Record should have its article investigating why a DC area construction firm has 85% government business for more office space when the corrupt and wasteful GSA is siting on massive vacant office and potential commercial spaces around Washington DC without any effort to sell or lease them! m/r
Small businesses worry about Fed budget cuts - NorthJersey.com
OCTOBER 21, 2012
THE RECORD
With a heavy reliance on federal contracts, defense contractor Falstrom Co. of Passaic may lose revenues if Congress can't reach a budget deal to ward off automatic spending cuts set to kick in Jan. 2. ...
"If we don't have some resolution of this, and spending gets cut off automatically, we would see the effects probably toward the end of 2013 and into 2014," he said.
The privately held company, a subcontractor to large defense firms, makes heavy cabinets for the electronics used in ships and submarines. Although the company does not release annual revenues, Lindholm said they are in the $7 million-to-$15 million range, and currently come entirely from federal government.
Amber Peebles' company, Athena Construction Group, has been a contractor and subcontractor on federal construction projects since 2009. She gets 85 percent of her revenue from the government, doing everything from carpentry work to helping build hospitals for the Department of Veterans Affairs. She and her co-owner, Melissa Schneider, founded the Dumfries, Va.-based company nine years ago. The former Marine was wounded during Operation Desert Storm in 1991, giving her company a special status that gives it preference in winning government contracts. Even if Peebles loses some contracts, she expects that competitive advantage to position her company to win others.
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