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Learn How the SLED Market Performed in the First Quarter of 2023

After two years of larger than average growth rates in bids to make up for the 2020 downturn, Q1 2023 has shown a return to a more typical rate of gradual year-over-year growth. Even amidst recession concerns, the state, local and education (SLED) market began 2023 with confidence backed by federal stimulus funding. This positive start to the year was led by purchases in key industries such as public safety, environmental services, transportation, and architecture and engineering.

State and Local Procurement Snapshot

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What's Inside

This timely report examines how the SLED market performed in the first full quarter of 2023, including year-over-year growth rates by level of government and each of our 12 industries. This edition of our popular quarterly report series includes a refreshed look at our SLED Recovery Index that measures progress as the market continues to emerge from the pandemic, and a special feature article summarizing highlights from GovWin’s annual “10 Hotspots in State & Local Government Contracting for 2023” report.

“I would have to hire numerous full-time people to acquire the intelligence GovWin’s SLED solution offers!”

Michael Culleton, Business Development Specialist, DXC Technology

Sample Key Findings:

SLED Market Strength Offers Reassurance

SLED Market Strength Offers Reassurance

As recession watch continues, the Q1 results are a positive sign for the SLED market as bids did not pull back despite rumblings of economic concern.

SLED Market Growth is Stabilizing

SLED Market Growth is Stabilizing

After hitting 100.1% of pre-pandemic normal last quarter in our "Bid Recovery Index," the market stabilized at a similar 99.7% in Q1.

Public Safety Bids and RFPs Grew Most

Public Safety Bids and RFPs Grew Most

SLED bids and RFPs for public safety related work grew the fastest of all industries, with 9.2% more bids and RFPs published vs. the same quarter last year.

2.3%

Local governments published 2.3% more bids and RFPs vs. the same quarter last year, outpacing the growth rates of both education and state governments.

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