Government Procurement–Based Funding
The United States federal government is the largest purchaser of goods and services in the country, and more than $100 billion in federal procurement contracts annually goes to small businesses. State and local government agencies, too, buy a substantial amount and variety of products and services from a wide range of companies, including small businesses.
Government contracting and subcontracting can help launch or accelerate a small business. The guarantee of ongoing revenue provided by a government contract, which can extend three or even five years, can help stabilize cash flow. The stature of being a ...
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