Inc.:

In the past year, government services has been gaining steam as a top category among the fastest-growing private companies on the Inc. 500 | 5000 list.

From 2007 to 2008, the total revenue for companies in this category nearly doubled, from $678 million to $1.2 billion, and the median four-year growth rate for companies on the 2008 list came in at nearly 1,300 percent.

President Obama’s $787 billion Economic Recovery Act certainly won’t hinder that growth.

According to the administration’s Recovery.gov website, by 2012, two-thirds of the approximately $23 billion allocated to individual states will reflect investments in local infrastructure, creating opportunities for start-ups to bid on projects that involve transportation, broadband technologies, and clean water, among others.

Photo by mla.lib.mi.us.

Originally posted by Rich Whittle on June 2, 2009 in Ideas.

StumbleUpon


Related Posts