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Onvia Fills Critical Information Gap with Launch of its Economic Stimulus Toolkit, Enabling Businesses to Understand, Prepare for and Capitalize on Pending Stimulus-Driven Opportunities
Date:1/15/2009

SEATTLE, Jan. 15 /PRNewswire-FirstCall/ -- Onvia, Inc. (Nasdaq: ONVI) (http://www.onvia.com/fp/Default.aspx), 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, today announced the availability of the Onvia Economic Stimulus Toolkit, comprehensive reports available by state designed to provide businesses with everything they need to know to rapidly assess and pursue stimulus-funded infrastructure, technology, healthcare, water and education project opportunities in each state.

The much-anticipated economic stimulus bill, the American Recovery & Reinvestment Plan, is targeted to be passed through Congress and signed by the President by mid-February. The final price tag could reach beyond $800 billion, with the funding likely to begin flowing during the first quarter of 2009. A main component of the plan is to provide the capital to kick start the United States economy and create jobs, beginning with a funding bill which includes a commitment of at least $85 billion for infrastructure, with highways and bridges netting more than $30 billion, transit $12 billion and aviation and rail more than $5 billion. Additional billions will be invested in technology and healthcare.

"The Onvia Economic Stimulus Toolkit fills the information vacuum that currently exists, and provides businesses with the critical insight needed to take advantage of the billions of dollars worth of opportunities rapidly forthcoming," said Michael Balsam, chief solutions officer at Onvia. "The stimulus funding is going to be allocated to prioritized projects, including those on our project watch lists, and businesses need those details now in order to effectively prep
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SOURCE Onvia, Inc.
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