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Government Spending to Remain Level in 2009, as Additional Stimulus Spending is Offset by States Budget Reductions.

22,000 projects valued at $88 billion in early stages of Economic Recovery-related investment

SEATTLE, Sept. 14 /PRNewswire-FirstCall/ -- Government spending at all levels will remain level or increase pace in the second half of 2009, as federal American Recovery and Reinvestment Act (ARRA)-funding continues to help stabilize state and local budgets, according to a mid-year report released today by Onvia, the leading provider of business-to-government solutions in the United States, covering the broadest set of industries and products at every level of government.

Based upon Onvia's expertise on government spending, of the almost $90 billion in funded recovery projects to-date, nearly $15 billion in contracts have been awarded, with that number now accelerating monthly. Applying the Federal government's multiple standards for measuring jobs impact to ARRA contract awards to date, the high end of the scale represents 160,000 jobs saved or created.

Additional factors to watch for in the second half of 2009 include an early stage rebound of construction-related companies such as heavy equipment manufacturers and materials suppliers with growth expected to increase into 2010. For federal, state and local government, there will also be a continued buyers market as bids come in well below estimates and stretch tax-payer dollars further.

Onvia's Government Market Outlook: 2009 Mid-Year Review summarizes the findings of more than 2,000 government executives, managers and purchasing officials at state, local, and educational purchasing offices, while providing the most current data available of the federal government's economic stimulus-funded awards, across infrastructure, information technology and business services.

Interested parties can receive a free copy of the Onvia Government Market Outlook: 2009 Mid-Year Review http://www.onviatools.com/at http://www.onvia.com/governmentstimulus/fp/government_market_outlook.aspx

About Onvia:

Seattle-based Onvia (Nasdaq: ONVI) is the leading provider of Business-to-Government solutions in the United States, covering the broadest set of industries and products at every level of government. Businesses rely on Onvia's customized information services to grow sales opportunities, understand purchasing activities and research government markets. Government agencies use Onvia to automate their purchasing departments, resulting in increased competition, broadened access to more qualified suppliers, and reduced costs. For information on Onvia solutions, call 1-800-331-2320, or visit www.onvia.com. To view ARRA-funded projects tracked by Onvia, visit www.recovery.org.

Available Topic Expert(s): For information on the listed expert(s), click appropriate link.

MICHAEL BALSAM

https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=71234

SOURCE Onvia

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