It's madness! At least venture madness, as startups compete for funding.
Looming defense cuts have Arizona industry worried
The state is the sixth-largest recipient of
Defense department contracts in the country, and the federal government funneled about $13 billion to
"You can make the argument that the dept of
defense is one of the state’s largest and most important employers," says Dennis Hoffman, a professor at the W.
So people in
"Sequestration is already here," says Dane Mullenix, director of Arizona Laboratories for Security and Defense Research. "Companies have been pulling back. Companies have been delaying decisions and making investment decisions based on uncertainty that almost always fall to the conservative."
Mullenix met with business leaders from the Greater Phoenix
Economic Council Tuesday. The group is planning a trip to
How will you be affected by the looming sequestration? Let us know through the Public Insight Network.