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Explore the Performance of the SLED Market in Q3 2024

The third quarter of 2024 brought a mix of challenges and opportunities to the state, local and education (SLED) market. While overall opportunities declined, state governments saw a slight increase as they began their new fiscal year. Despite some hurdles, sectors such as environmental services and water & energy remained resilient, bolstered by ongoing infrastructure projects and funding.

State and Local Procurement Snapshot Q3 2024

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What You’ll Get Inside the Report:

GovWin’s Q3 2024 “State and Local Procurement Snapshot” report analyzes SLED market performance and trends, comparing results to the same period last year. It highlights growth rates across various government levels and the twelve industries we monitor, alongside historical trends and project counts. Additionally, this quarter’s special feature article revisits insights from our recent report, “The Rise of AI in State and Local Contracting." We also discuss the challenges faced by local governments and the education sector’s vulnerability to a fiscal cliff.

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Sample Key Findings:

Fiscal Year Adjustments

The SLED market experienced a 6.0% decline in opportunities in Q3 2024, largely due to new fiscal year budget adjustments and the expiration of ARPA stimulus funds.

Sector Stability Maintained

Despite the overall decline, the Environmental Services (+4.0%) and Water & Energy (+1.7%) sectors remained stable, supported by long-term infrastructure projects.

State Government Growth

State governments saw a 4.0% increase in opportunities as they began their new fiscal year with 2025 budgets, potentially due to initial ‘catch-up buying.’

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