Government dives into Net marketplaces

 

latest developments

Although private industry has been obsessed with wringing profits from the Internet for several years, the government has remained a relative backwater. Eventually, business-to-government experts say, bureaucrats will purchase goods ranging from paper clips to military helicopters with the click of a mouse.

Federal agencies look to pool buying power Uncle Sam is moving online with a new Web site launching next month that will allow the government to save money on small IT-related purchases for its widely dispersed agencies. BofA e-commerce venture to tap state, local agencies Bank of America teams with NIC Commerce to create a new company dedicated to tapping the growing business-to-government market. previous coverage Will B2G become the "next big thing"? First came business-to-consumer, then business-to-business. Now investors are bracing for the newest e-commerce niche: business-to-government Web sites.