Industries Fueled by Government Investment in 2021. Year to Date.
In 2020, it has been well documented that most U.S. public sector agencies were forced to redirect funds to address issues related to the COVID-19 pandemic. Many plans were halted, postponed, or all together cancelled. Now, as we have passed the midway point of the 2021 calendar, our analysts have crunched the numbers to determine which are some of the industries where U.S. federal, state, local agencies have been especially active. Obviously, this overview of activity to date, does not include many of the other industries that are progressing well on the public sector side of things.
At the end of '20, Stephen Hetzel, BidPrime’s COO, offered his predictions on what he forecasted was ahead for 2021. So far, Hetzel particularly hit the mark regarding growth in renewable energy generation, grid modernization, mass transit projects, and water projects. In addition, the industries in this analysis have been notably hot. In some cases, a movement north from what originally seemed to be the path towards the end of 2020.
Emerging from 2020, with the global pandemic well underway, there were numerous questions and valid concerns on how the public sector would be able to formulate, fund and execute 2021 budgets. Yes, add a national election to the equation. Driven by the American Rescue Plan, increased emphasis on infrastructure, and other initiatives, the U.S. federal government is projected to spend $6.8 trillion in 2021.
Include solicitations and investment by agencies from state, municipal, local, education, utilities, law enforcement, and others, and it is easy to understand how we have noted record numbers of bids captured, since our company was formed in 2009. Our analysts haven't seen, nor heard, any evidence suggesting that this trend will stall.
Below are some of those industries, listed in alphabetical order, that have shown above normal trends so far in 2021. You will notice there are also links to actual, active bids/RFPs originating from each industry.
Sample Active Bids/RFPs
Aerial Mapping and Surveying
Radio Equipment and Supply
Security Guard Services
Solar and Photovoltaic
To perform your own analysis and to see bid/RFP trends related to your industry, or industries, contact us for a Market Analysis. Please visit BidPrime, call 888.808.5356, or email us at firstname.lastname@example.org.