Forty-nine of the federal government’s top 100 contractors also won grants, loans or tax credits over the past 15 years, according to a study released last week by the nonprofit research center Good Jobs First.
Two-thirds of the $68 billion in federal business grants and tax credits since 2000 went to large corporations, said the study and update of an accompanying database that includes federal data for the first time.
The federal contractor with the most grants and allocated tax credits was General Electric, with $836 million, mostly from the Energy and Defense departments, the study found. The “double dipper” with the most loans and loan guarantees was Boeing Co., with $64 billion in assistance from the Export-Import Bank. Boeing’s “more than $18 billion in fiscal 2014 contract awards, combined with the $457 million in federal grants and $64 billion in federal loans and loan guarantees since 2000, make it exceptionally favored by Uncle Sam,” the nonprofit wrote.