Free Report

Track How the SLED Market Performed in the Second Quarter of 2023

The second quarter saw the market exceed our expectations and perform at full speed as if there was no chance of recession. Confidence in the state, local and education (SLED) market is supported by stimulus funding and a surplus of state government funding for 46 of 50 states that began a new fiscal year in July. Positive growth in Q2 was led by procurements across major industries like transportation, architecture and engineering, public safety and healthcare.

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What's Inside:

This timely report examines how the SLED market performed in the second 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 an exclusive special feature article summarizing key findings from GovWin’s recent “Environmental and Social Initiatives to Watch in SLED Government Contracting” report.

“When BD staff and expertise is limited, the importance of good data to understand the customer environment and pain points is critical. That is the value of what Deltek provides.”

Tammy Rimes, Executive Director, National Cooperative Procurement Partners

From the Deltek Clarity GovCon Industry Study

Sample Key Findings:

Solid Growth Continues

As expert predictions push back the start of a possible U.S. recession, Q2 results continue to show solid growth at 2.9% year-over-year in bids/RFPs issued.

Market Exceeds Expectations

Published SLED bid and RFP volumes continue to exceed our baseline expectations at a time when the economy has sidelined concerns of potential downfall with predictions of a 'soft-landing'.

Stimulus and SLED End of Fiscal Year

Contributing factors to relatively strong market growth include stimulus funding and June marking the end of the fiscal year for 46 of 50 states and many local governments.

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