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Published byCory Bond Modified over 9 years ago
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3 Procurement Waste & Abuse Missing Federal and State Contracts Poor online Payment E-Commerce Systems No meaningful Reports Data is everywhere Missed Revenue Opportunities No Asset Management Confusing Customer Service Failure to Recruit & Retain Businesses Problems Unnecessary Duplication Wasted Resources Lacks Interoperability Little Transparency Confuses Users Misses Opportunities Ineffective Reporting Problems Unnecessary Duplication Wasted Resources Lacks Interoperability Little Transparency Confuses Users Misses Opportunities Ineffective Reporting The Proverbial Puzzle Palace of Government
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4 1. E-Procurement transparency, savings, local 3. Federal and State Contract Feeds Targeted to Community 6. E-Commerce to Process Transactions 9. Option to Create Local Social Network 8. Custom Analytics & Intelligence Reports 5. Advertising Module To Self-Fund or Increase Revenue Inflows 2. Asset Management once Assets are Procured 7. Provides Superb Customer Service Experience 4. Business (Recruit & Retain) Building Tax Base Economic Development Engine A Fully Integrated, Hosted, Economic Development System w/Centralized Data To Implement Effective Public Policy & Programs. In short, GovTide is a Government –to-Business-to- Employment Portal (GBE).
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The United States GDP in 2011 was approximately $15.9 trillion. The number of governments in the U.S. in 2012 was 89,004. Federal government spending in the U.S increased from 7% of GDP in 1902 to 35% of GDP in 2010. State and local government spending increased to $3.1 trillion in 2010 or 20% of the U.S. GDP. Local governments derive 75% to 85% of their inflows from sales, property and personal income tax. The federal, state and local governments in the U.S. spend approximately 55% of the GDP. So what’s the bottom line? Businesses and Government must do Business Together 5 * According to U.S. Census Bureau
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6 MatchForce.org Run by the State of NC via NCMBC Started in 2004 State of North Carolina has spent over $4M in enhancements, but yielded $3.5B in Federal contracts Goal: Keep Federal contract dollars within the state through NC Businesses. Over 50,000 users
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“ GovTide has been absolutely essential to engaging nearly 20,000 businesses in the federal market, connecting them daily to federal opportunities and to helping them win over 1,650 contracts – worth at least $3.5 billion. These contracts have generated over $275 million in State tax revenue, generated a 28:1 return on investment in the NCMBC, expanded our tax base statewide and generated better quality of life for all citizens in North Carolina. GovTide is a winner.” Scott Dorney, Director North Carolina Military Business Center “ GovTide has been absolutely essential to engaging nearly 20,000 businesses in the federal market, connecting them daily to federal opportunities and to helping them win over 1,650 contracts – worth at least $3.5 billion. These contracts have generated over $275 million in State tax revenue, generated a 28:1 return on investment in the NCMBC, expanded our tax base statewide and generated better quality of life for all citizens in North Carolina. GovTide is a winner.” Scott Dorney, Director North Carolina Military Business Center 7 “It’s working in North Carolina and it can work in any other state. GovTide is a smart use of technology for economic expansion. What sets GovTide apart is the ability it gives small business, the heart of this nation’s economic structure, to beat faster and stronger. For the unfamiliar, the federal contracting process can be daunting. For small business, it can mean a significant investment of time with little return. Business can’t succeed and grow without a chance. GovTide gives them that chance.” Representative Robin Hayes (R) NC District 8 1999-2009 United States House of Representatives “It’s working in North Carolina and it can work in any other state. GovTide is a smart use of technology for economic expansion. What sets GovTide apart is the ability it gives small business, the heart of this nation’s economic structure, to beat faster and stronger. For the unfamiliar, the federal contracting process can be daunting. For small business, it can mean a significant investment of time with little return. Business can’t succeed and grow without a chance. GovTide gives them that chance.” Representative Robin Hayes (R) NC District 8 1999-2009 United States House of Representatives “I believe so strongly in the GovTide technology that it was a critical component of an economic development bill I sponsored last year. The mission is to help our state’s small and mid-sized businesses compete for and win federal contracts. GovTide is going to prove a tremendous means of creating new jobs and expanding the tax based for communities across North Carolina.” Senator Anthony E. Rand (D) Cumberland, Senate District 24 2001-2009 North Carolina General Assembly “I believe so strongly in the GovTide technology that it was a critical component of an economic development bill I sponsored last year. The mission is to help our state’s small and mid-sized businesses compete for and win federal contracts. GovTide is going to prove a tremendous means of creating new jobs and expanding the tax based for communities across North Carolina.” Senator Anthony E. Rand (D) Cumberland, Senate District 24 2001-2009 North Carolina General Assembly
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8 Which vendors are within the community? Outside of the community? What ones are small business? Service-disabled veteran owned business? Minority-owned business? How much savings did we gain from using an online system? What is our strongest industry? What is our weakest industry and where are we missing federal, and state contracts?
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Solicitation Posting (Request for Proposal and Reverse Auction) Benefit: Transparency, Competition, and Savings of 9 to 11%* 9 Custom Analytics & Intelligence Reports Benefit: Powerful analytics to make smart economic development decisions Already successful with MatchForce.org for State of NC Benefit: $3.5B* in federal contracting dollars directly to NC businesses 4 th Patented PPC Advertising Module Included Benefit: Help promote local businesses, and potentially self fund this project *VentureStats & GovTide installs
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10 Local Government Admin User View Industry Strengths and Weaknesses & other Analytics Search for opportunities Create requirements for purchasing Local Procurement Online Federal & State Contract Feeds Federal Grant Feeds Revenue Share Back to Community
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11 Business User Find Local, State and Federal Contracts Team with other Businesses Post Jobs and Search for Employees
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12 Purchasing Agent / Contracting Officer Post RFP Bids Post Reverse Auction Bids Search for Businesses Receive Matches to Bids
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13 Individual / Job Seeker Post Resume Search for Jobs Match to Job Postings
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14 Smart Economic Development Recognizes Every Community is Unique – Robust Economy = Sustained Growth, Industry Diversity & Constant Innovation – Local Development = Vertical + Horizontal leveraging existing strengths. Constant evolving, relevant business data – Job Creation = Retention, Attraction & Adaptation through Training & Education Grassroots Economic Development From the Bottom Up
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15 Internal Contracts (Outflow)Year 1Year 2 Local Business (Retain)25%35% Outside Businesses (Recruit)75%65% Economically Stagnant Economically Diverse Year 3Year 4Year 5 45%55%60% 55%45%40% Economic Development Arm: “Drive more businesses within these industries to move to the City.” Economic Development Arm: “Drive more businesses within these industries to move to the City.” Benefits: Increase in tax base Decrease in contracts given to outside businesses Benefits: Increase in tax base Decrease in contracts given to outside businesses
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16 Source: Robert Ware, Business Awareness 52% Advantage for local business NC Senate Bill 232 – Local Preference
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Vendor A Local business Bids $125 for a contract for 10 rakes Vendor A Local business Bids $125 for a contract for 10 rakes 17 Vendor B Non-Local business Bids $100 for a contract for 10 rakes Vendor B Non-Local business Bids $100 for a contract for 10 rakes Vendor A should win due to being local, and having a 52% advantage for boosting local economy. Government issues contract for 10 rakes to be purchased…
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Did you know… Over 400,000 North Carolina jobs - close to one in 12 - are related to the defense sector, which makes up seven percent of our gross domestic product. NC got $4 billion in defense contracts in 2011 alone, and in 87 out of our 100 counties, not just counties with big military installations. 18
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19 25% Implementation Customization & Training 75% Subscription Fee 9% Software Licenses HIDDEN COSTS 43% 26% 14% 8% Customization &Implementation Hardware IT Personnel Maintenance & Training Source: IDC
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Included FREE with GovTide: 2 hour training for vendors/businesses 2 hour training for government staff, and management (train the trainer) 2 hour training for purchasing agents 22
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23 Economic Development Engine Federal, State and Local Procurement feeds Business Registration with NAICS and Keywords Individual resume and job skills; Employment Security Commission Results Accurate & Evolving Economic Modeling, Analytics to Support Smart Policy Decision Accurate & Evolving Economic Modeling, Analytics to Support Smart Policy Decision
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24 No Risk 60 to 90 day FREE trial. There is no risk and no obligation to buy. We stand behind the product, and believe you’ll see the value too. Flat Monthly Fee option After the trial period, select one of 3 tiered pricing options that fit your community’s budget. Free Revenue Share If a community achieves enough transactions, we share the revenue back to the communities.
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