WHAT: A study titled "Sequestration and Government Shutdown Negatively Impacting Majority of Government Contractors" by MarketConnections Inc. and Lohfeld Consulting Group, released Dec. 17.
WHY: Federal contractors took major financial hits from sequestration and the 16-day partial government shutdown in October. According to the study, nearly 31 percent of contractors reported revenue declines of more than 10 percent in 2013, with another 30 percent reporting declines of less than 10 percent. Sixteen percent of contractors surveyed - a mix of 220 large, medium and small businesses - flat-lined revenue, while 15 percent managed moderate to significant growth.
