Market Opportunities
A $12 Billion Marketing Opportunity. Most construction market conditions are going to be tough for the foreseeable future, with some sectors seeing total declines of more than 20 percent through 2010.
The good news is the corrections and public safety market is one of the least affected during the economic downturn.
While the American Institute of Architects predicts a 1.9 percent drop in 2009 public safety/corrections construction, it will still be a massive $12 billionmarket — $2 billion larger than the healthy 2007 market, only $700 million from a record-setting 2008!
The federal economic stimulus package will further improve the outlook for public safety construction activity through 2010-11, with $10 billion appropriated for public safety and correctional facility construction, modernization, energy-efficiency retrofits, infrastructure, technology and operations projects. The package also includes $3.7 billion for Homeland Security programs and state, local and tribal criminal justice system improvements.
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