In case you missed it, Onvia recently published its economic outlook for the state, local and education (SLED) government contracting marketplace, 2017 State & Local Government Contracting Forecast: Outlook and Discussion with the Experts.
Participants in the business-to-government (B2G) marketplace, especially at the state & local level, are looking to the new year with a lot of questions in mind. Vendors are looking at prospects for growth, while buyers are curious about changes in policy, funding and areas of mandatory spend such as pensions and Medicaid. On both sides of the aisle, practitioners are looking for answers to questions such as:
- How the economy will perform
- How long it will take for the policies of the new administration to begin affecting the economy
- How the fiscal realities for agency revenues and budgets will shape up
- The possibilities of increased infrastructure funding
- If growth in technology purchasing will continue
The perspectives and data analysis inside the report provide clarity around these important questions to both businesses selling to government and procurement professionals alike. These insights will help to set your organization up to successfully navigate the coming months during this transition year of heightened economic and political uncertainty.
Expert Points of View, Discussion and Predictions
For this outlook, Onvia’s market research team assembled a panel of three expert advisors in economics, infrastructure and technology using their perspectives to build a profile of what the contracting environment looks like for the coming year. Here’s a preview of the topics and areas covered by our panel:
- How long it will realistically take for the new administration’s policy changes to affect GDP growth
- If the chances of a recession will continue to remain fairly low
- What the fiscal environment for SLED governments will look like
- How SLED agencies can prepare for infrastructure stimulus spending
- The impacts of a Trump presidency on Federal grants and transfers to states
Mary Scott Nabers, leading expert in infrastructure and public private partnerships (P3s), author of Collaboration Nation – How Public-Private Ventures Are Revolutionizing the Business of Government and president of Strategic Partnerships, Inc., provides reasons why infrastructure contractors have good reason to look forward to 2017. Nabers covers such areas as:
- An outline of the items that are purported to be under consideration in President-Elect Trump’s plan to infuse at least $1 trillion for infrastructure spending
- Details on the over $200 billion in voter approved state and local bond and tax initiatives
- Recently announced notable P3 projects
Ben Vaught, Director of Onvia Exchange and former state government IT executive, discusses why smart governments will continue to bet big and spend on technology in 2017 in several noteworthy areas, such as:
- Where procurement departments (and vendors) can assist in purchasing technology solutions that demonstrate value at all levels of the organization
- Why governments are feeling more pressure than ever to secure sensitive data sets, including mental health information, financial information, court records and more
- The shift towards custom-built solutions that satisfy 100% of an agency’s requirements solving the issue for the long-term, versus off-the-shelf solutions that only deliver a partial fix
- The emergence of risk and authorization management programs, such as FedRAMP, at the state and local level
Get the Full Picture and Prosper in 2017
The report uses the informed perspectives of our panel of government market thought leaders, coupled with economic trending data and information from Onvia’s B2G Intelligence System (B2GIS), to help drive an understanding of the future direction of this dynamic marketplace.
Prepare your organization to thrive in 2017 by requesting a complimentary copy of the report today.