Governments Spend Billions
Each year, federal, state and local governments buy billions of dollars worth of goods and services through prime and subcontract awards. The total spending for federal, state and local governments is approximately $6 trillion. Almost 3 million public procurement opportunities from federal, state and local governments are made available annually. That’s approximately 5,000 to 8,000 new bid opportunities daily.
The U.S. Federal Government is the single largest buyer of goods and services in the world and about 25% goes to small businesses. For years, the state has benefited from its proximity to the nation’s capital. Since FY2000, Maryland has continued to rank 4th among states in per-capita federal procurement spending.
Gain an Edge
Because increased competition benefits both the public and private sectors, government buyers are constantly seeking to add new sources to their supplier base. To gain an edge when bidding contracts, small businesses can be certified though a number of state and federal programs.
No-Cost Government Contracting Assistance
The SBDC manages the Maryland Procurement Technical Assistance Program (PTAP) that provides marketing, contractual and technical assistance to existing Maryland small businesses interested in selling their products and services to government agencies. Maryland PTAP offers training and no-cost counseling to companies to help them identify, bid, and perform on government prime and sub contracts at the federal, state, and local levels.
SBDC encourages local businesses to partake in government procurement opportunities: