From Paperclips to Spaceships – The Government Buys Everything!
The government is the largest buyer of goods and services in the world. In Fiscal 2020 government spending (federal, state, and local) accounted for approximately $8.3 trillion, or equal to 40% of the U.S. gross domestic product.
| GOVERNMENT SPENDING | |
| Federal Spending ① | $6.6 Trillion |
| State Spending ② | $1.5 Trillion |
| Local Spending (cities, townships, counties, school districts, and special districts) ② | $1.7 Trillion |
| Total Government Spending | $8.3 Trillion |
That amounts to approximately $23 Billion in spending each calendar day of the year on everything from office supplies to military hardware.
(These numbers will be higher for Fiscal 2021 and 2022 based on projected spending for the COVID-related response and economic stimulus plans.)
There are approximately 500 Federal Agencies and over 90,000 state, local, and educational government agencies employing millions of people across the U.S. This is the largest and most diverse market in the world, as well as your largest prospect for new business.
FedBiz Access works with contractors and organizations to help them do business with governmental agencies by ensuring their registrations are current, complete, and compliant. FedBiz Access has a large database and directory for contracting that is affordable and useful for identifying and competing for government awards. The business development services include targeted market research, set-aside certifications, and GSA Schedule registrations.
FedBiz services help businesses establish their foundation with the federal government, as well as state and local, through their initial registration and certification filings, as well as market research to find the right buyers.
FedBiz Access helps companies build a clear path from registration to award.
