Free Report

Track How the SLED Market Performed in the Second Quarter of 2024

The second quarter saw a decline in opportunities, marking the fiscal year's end for 46 of 50 state governments and many localities. Still, the start of FY 2025 looks bright for the majority of U.S. state, local and education (SLED) governments with renewed budget resources and opportunities for contractors, suppliers and vendors to support planned investments.

State and Local Procurement Snapshot - Q2 2024

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What's Inside

This timely report provides an in-depth analysis of the SLED market’s performance in the second quarter of 2024, comparing it to the same period last year. It highlights the growth rates across different levels of government and the twelve industries we track. Additionally, it presents historical trends and project counts over time. Our special feature article for this quarter discusses the possibility of a “fiscal cliff” faced by SLED governments and its potential impacts on purchasing, while providing advice for companies navigating the evolving market environment.

“GovWin IQ from Deltek offers tremendous depth of functionality for SLED, and has great customer support along with sales support.”

Yogi Muthuswamy, Program Manager, YKM Tech Services

Sample Key Findings:

Fiscal Cliff

Government contractors are closely watching the possibility of a 'fiscal cliff' facing state, local and education government finances, which would affect purchasing activity and opportunities.

ARPA Stimulus

The recent decline in SLED opportunities is influenced by several factors, including the winding down of broad federal American Rescue Plan Act stimulus funding.

Other Factors

Several other factors may continue to influence the market through the remainder of 2024 including unfunded pension liabilities, the uncertainty of the upcoming U.S. elections and potential impacts to grant funding.

The SLED market saw a decrease of -6.3% in opportunities during Q2 2024, which concluded the fiscal year in June for 46 state governments and numerous localities.

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