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New Mexico businesses learn to grow on government dollars

  ALBUQUERQUE, N.M. (AP) — The U.S. government is spending billions of dollars in New Mexico on a wide variety of goods and services and local business owners are building and boosting their bottom line by tapping into the federal procurement progress.

Some sell only a portion of their products to federal agencies. Others devote much of their efforts to seeking and maintaining a mostly federal workload.

The Albuquerque Journal reports some others have been so successful, they're transitioning more to the private sector.

John Garcia of the U.S. Small Business Administration in New Mexico says about $2.1 billion in federal contracting dollars went to statewide small businesses in fiscal 2017.

That spending flows through two national laboratories; Kirtland, Cannon and Holloman air force bases and numerous other federal agencies that operate in New Mexico.