Industry Survey Shows Budget Crisis
Already Severely Impacting
Federal Contractors
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The federal budget process has practically ground to a halt. Centurion recently conducted a survey of our clients to ascertain the impact of this impasse on their current and future business growth plans and, in some cases, financial survival. In a nutshell - the survey illustrates the drastic effects this situation is already having on federal agencies and the companies that support their mission. Over 90% of the 131 industry respondents indicated they had been impacted by the inability of political leaders to establish a more predicable budget process.
Referencing the survey results, Gary Loyd, Centurion's CEO, noted that, "Only 11% of responding companies are making a significant investment in new business initiatives and 67% of respondents are doing no or little new hiring, which, of course, does not bode well for the economy".
Centurion Research Solutions
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