WashingtonExec 2013 Government Contracting Outlook Series:
The new year brings big changes for the Federal IT industry, and WashingtonExec is back with its Government Contracting Industry Outlook Series.
We are giving local executives the opportunity to share their thoughts on where they see our industry headed this year and beyond. Leaders were asked a series of questions focused on cloud computing, healthcare IT, defense, mobility, and more.
Andrew Sherman is a Partner at Jones Day in Washington, D.C. and regular columnist on WashingtonExec. He recently published Essays on Governance: 36 Critical Essays To Drive Shareholder Value, and spoke with us about what he predicts for 2013:
“As of the morning of January 2nd, we now know what the medium term tax compromise looks like and the new capital gains and income tax rates will have a moderate to strong impact on M&A planning and deal flow in 2013 and beyond. What we do not know yet is how the budget cuts will play out, which could have a very definite impact on the regional economy. The bad news is that cuts are needed and surely coming in some form. The good news is that beltway business leaders are talented and resilient and will figure out ways to adjust their business models and growth plans accordingly. In the long run, I am very bullish on the strength and capacity of our regional business ecosystem, but this is not a time to have your head in the sand. Be proactive, strategic and opportunistic to overcome these headwinds.”