What Does the Government Purchase? Top 3 Industries
The government buys everything from paperclips to battleships, and everything in between. One of the most common questions we get asked from people looking to start companies is, “What should I sell to the government?”
You should sell a product or service that you are passionate about but let’s face it, some people just want to make money. During COVID in 2020, business pivoted to PPE supplies...selling sanitizer, masks, and gowns to help our government agencies. The new trend is cyber security with the recent attacks to keep our data safe. Whatever you decide to provide, make sure you can deliver the goods!
The United States government spends over $100 Billion dollars each year on construction services. This category can be broadly classified in terms of works needed to be done. The government spends money on infrastructure projects from building bridges and roadways to physical buildings for your local city hall or school renovations.
LOGISTICS & SUPPORT SERVICES
The United States government spends over $50 Billion dollars each year on logistics and support services. This category includes moving goods and services and human capital around for different military bases around the world and all of the support needed.
The United States government spends over $40 Billion dollars each year on technology services. This category includes everything from cyber security to students needing ipads for learning. Cloud hosting and infrastructure is our new digital age, allowing companies to help government agencies with connectivity in our modern world.
No matter what product or service you sell, a government agency has purchased it. The government buys everything. Check out this article with some more spending information to get your wheels spinning on new ideas!