Onvia: 2011 strong year for contractors

Market researcher Onvia predicts a strong year for government contracting in 2011.

A new Onvia report (scroll down) says governments at all levels will continue to focus on technology — especially in health care, energy efficiency and cost-savings. The forecast also includes more opportunities for green energy projects.

This year saw “massive infusions” of funds from the Recovery Act. The research found that at about 800,000 private-sector jobs were created to support stimulus-related projects. This will continue into next year with 70 percent of the $275 billion still unspent for the American Recovery and Reinvestment Act.

A trend that will continue into 2011 is collaboration between public and private sectors. Onvia says companies will have to incorporate government needs in their market strategies.

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“The reality is that business leaders who ignore the government market do so at their own peril,” according to the report.


Onvia Forecast