As 2024 unfolded its first quarter, the state, local and education (SLED) market settled into a familiar rhythm. The Q1 market developed at a deliberate pace, setting the stage for an anticipated uptick in bid activity as the year marches on. Submit the request form to learn how the SLED market performed in Q1 and discover GovWin’s seasoned analysts’ predictions for its future trajectory.
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This timely report examines the SLED market performance in Q1 of 2024 and compares it with the same quarter of the prior year. It reveals the growth rates of each level of government and each of the 12 industries we monitor. It also presents historical trends, project counts over time and a special feature article that highlights the key findings from GovWin’s “10 Hotspots in State & Local Government Contracting for 2024” report.
The recent decline in SLED bid requests comes after a period of unprecedented growth that was buoyed by federal stimulus funding and more.
The upcoming US elections could impact grant funding and legislation. Additionally, federal stimulus funding begins to diminish, and the lingering shadow of recession adds to the uncertainty.
The SLED market saw a decrease of -3.7% in opportunities in Q1 2024. This aligns with the cyclical pattern of previous declines that often follow periods of stronger performance.