Report: Stimulus package is a roadmap to future tech spending
The recently signed stimulus package promises at least $66 billion in new technology-related government spending. More than 100 new and existing grants and other assistance programs for state and local governments will receive funding from the economic stimulus bill.
The legislation, which President Obama signed into law in February, provides massive opportunities for companies that sell – or would like to sell – to federal, state and local agencies.
“The final bill totaled over 2,500 pages with nearly $800 billion in appropriations,” said Tim Dowd, chief executive officer for INPUT. “In the midst of that complexity, time for assessment is short, since spending provisions require agencies to have projects under way within 30 to 120 days of enactment, compressing business development timelines that are normally two to three years long. Clearly, businesses require a way to fast-track their strategies and tactics to go after this vast pool of new government business.”
INPUT, a Reston, Va.-based information resource on government business, has released an analysis of market opportunities resulting from the economic stimulus legislation. The INPUT analysis features a database that identifies 340 discretionary spending initiatives – totaling more than $311 billion – from 29 federal agencies. It includes separate reports for federal agencies and for state and local governments.
INPUT’s analysis identifies $60 billion in new technology-related government spending and $5.7 billion in technology spending at the state and local levels. INPUT’s economic stimulus suite includes analysis, reports and database services detailing how business opportunities align with government spending initiatives.
For details on the INPUT analysis, click here.
