Deltek Senior Analyst Jeff Webster reports.
Tomorrow, President Obama will release details on a new jobs package that looks to boost the economy and reduce unemployment. Part of this package will be aid provided to state and local governments. This aid is expected to come in the form of funding to keep teachers and first responders employed. This will most likely follow the same format as the 2009 American Recovery and Reinvestment Act (ARRA), which allocated funding for grant programs aimed at job retention. If this is the case, you can expect the Community Oriented Policing Services (COPS) program to receive the bulk of this funding ($2 billion in ARRA).
So, what does this mean for vendors? State and local agencies will be able to apply for funding to keep necessary project management and project-specific personnel employed. This also means that projects currently funded and in the implementation stage will be able to continue since a reduced workforce could severely jeopardize project milestones.
For the complete blog, go here.