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.