State and Local Procurement Snapshot - Q4 2024
Published: February 18, 2025
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Despite a slight dip in opportunities, Q4 2024 was the year's standout quarter, with local governments continuing a three-year growth streak. However, SLED contractors face headwinds and are monitoring challenges in the education sector and the winding down of American Rescue Plan Act (ARPA) funding. Request your copy of the full report for a deeper dive!
Despite a slight dip in opportunities, Q4 2024 was the year's standout quarter, with local governments continuing a three-year growth streak. However, SLED contractors face headwinds and are monitoring challenges in the education sector and the winding down of American Rescue Plan Act (ARPA) funding. Request your copy of the full report for a deeper dive!
What's Inside:
- In-depth Analysis: A thorough examination of the state, local and education (SLED) market's Q4 2024 performance, with comparisons to Q4 2023.
- Growth Insights: Detailed growth rates across various government levels and the twelve tracked industries, highlighting the increase in local government opportunities and key challenges, such as those facing the education sector and the winding down of ARPA stimulus funding.
- Historical Trends: Insightful historical trends and project counts.
- Sector Highlights: Key trends in environmental services and financial services & insurance, showing robust growth and signs of recovery.
- Exclusive Highlights: Key takeaways from our “2025 SLED Government Contracting Forecast” report.
Dive into the data and stay ahead of the curve with our comprehensive Q4 2024 SLED market snapshot!
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Sample Key Findings:
Slight Market Decline
The SLED market saw a modest decline of -1.2% in opportunities in Q4 2024, showing improvement over the larger declines observed since Q1.
Local Government Growth
Local government opportunities increased by 1.7%, continuing a three-year growth trend in Q4, while state and education sectors faced declines.
Sector-Specific Growth
Financial services & insurance (+7.8%) and environmental services (+7.0%) sectors experienced robust growth, driven by hurricane disaster response and long-term environmental projects.
-1.2% The SLED market performed well in Q4. Notably, it exhibited the strongest performance of the year compared to the prior quarters, which was a welcomed result given the challenges faced earlier in the year. After multiple quarters of 3-6% losses, the current result was just -1.2%.
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- 03 Executive Summary
- 04 Market Snapshot
- 07 SLED Project Counts Over Time
- 08 Agency Snapshot - Historical Trends
- 09 Quarterly Growth - Industry Ranking
- 10 Industry Ranking by Level of Government
- 11 Special Feature: Highlights from GovWin's 2025 SLED Government Contracting Forecast
- 15 Glossary of Industries