GEOINT 2024 - Bill Young & Karyn Hayes-Ryan

Project Geospatial

In a round table discussion at the GEOINT 2024 Symposium, Bill Young and Karyn Hayes-Ryan discuss the growth of the geospatial industry and the challenges faced by companies entering the government space. They highlight the increasing involvement of commercial companies in the industry and the need for improved processes for converting to government contracts. They also emphasize the importance of understanding the government budgeting process and recommend consulting with industry experts and government small business offices for guidance. 💼 The geospatial industry has seen significant growth with the entry of commercial companies into the government space. 🌍 The government has shifted from building to buying geospatial products and services, benefiting taxpayers, the military, and the industry. 💰 Challenges include obtaining clearances and approvals for commercial companies to work in the intelligence community, as well as understanding and navigating the government budgeting process. 🔄 The industry has room to grow in terms of streamlining the conversion process for commercial companies entering the government space and addressing funding uncertainties caused by continuing resolutions. 🎯 Recommendations for businesses include networking at industry events, engaging with government small business offices, and consulting with experts familiar with the government contracting process. For more content like this, check out www.projectgeospatial.com. #geospatial #governmentcontracts #industrygrowth #budgetingprocess #networking