Transcript PPT - GovTide

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No Asset Management
No meaningful Reports
Data is everywhere
Problems
•Unnecessary Duplication
•Wasted Resources
•Lacks Interoperability
•Little Transparency
•Confuses Users
•Misses Opportunities
•Ineffective Reporting
Missing Federal and
State Contracts
Confusing Customer
Service
Failure to Recruit & Retain
Businesses
Procurement
Waste & Abuse
Poor online Payment
E-Commerce
Systems
Missed Revenue
Opportunities
The Proverbial Puzzle Palace of Government
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In short, GovTide is a Government –to-Business-to- Employment-to-Investment Portal (GBEI).
1. E-Procurement
transparency,
savings, local
2. Asset Management once
Assets are Procured
9. Option to Create
Local Social Network
8. Custom Analytics &
Intelligence Reports
3. Federal and State
Contract Feeds &
Grants Targeted to
Community
4. Recruit, Retain & Invest in
NC Businesses
7. Provides Superb
Customer Service
Experience
6. E-Commerce to
Process Transactions
5. Advertising Module
To Self-Fund or Increase
Revenue Inflows
A Fully Integrated, Hosted, Economic
Development System w/Centralized Data To
Facilitate Effective Public Policy & Programs.
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The number of governments in the U.S. in 2012 was 89,004.
1 Federal, 50 State, and 88,953 Local governments.
Federal government spending was 35% of GDP in 2010.
State and local government spending was 20% of the U.S. GDP in 2010.
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
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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.”
“I believe so strongly in the GovTide technology that it was a critical component of
Scott Dorney, Director
an economic development bill I sponsored last year. The mission is to help our
North Carolina Military Business Center
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
“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
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Solicitation Posting (Request for Proposal and Reverse Auction)
Benefit: Transparency, Competition, and Savings of 9 to 11%*
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
4th Patented PPC Advertising Module Included
Benefit: Help promote local businesses, and potentially self-fund
*VentureStats & GovTide installs
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Purchasing Agent /
Contracting Officer
•Post RFP Bids
•Post Reverse Auction Bids
•Search for Businesses
•Receive Matches to Bids
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Internal Contracts (Outflow)
Year 1
Year 2
Year 3
Local Business (Retain)
25%
35%
45%
55%
60%
Outside Businesses (Recruit)
75%
65%
55%
45%
40%
Economic Development:
Proactively Recruit & Retain
High Value Target Businesses
Economically
Stagnant
Year 4 Year 5
Economically Diverse
Benefits:
• Increase tax base breadth not raising taxes
• Attract & Retain More Businesses
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52%
$.73
Advantage for local business
$.38 – Local Preference
NC Senate Bill 232
Source: Robert Ware,
Business Awareness
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Government issues contract for 10 rakes to be purchased…
Vendor A
Local business
Bids $125 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.
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Interoperability
Compatibility
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Asset Management
•Track asset quantity and
location after purchase
•Track service contracts for
assets and services
•Track asset life cycle (i.e.
expendable or durable asset)
•Prevent unnecessary asset
procurement
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Business User
Dashboard
•Find Local, State and Federal
Contracts
•Team with other Businesses
•Post Jobs and Search for
Employees
•Match to Federal Grants
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Individual /
Job Seeker
•Post Resume
•Search for Jobs
•Match to Job Postings
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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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• Microeconomic Policy: Analysis & Actions that
shape the behavior of economic agents
(individuals, households, firms, buyers, sellers,
investors, etc.)
• Macroeconomic Policy: Analysis & Actions
that impact the entire economy (GDP/growth,
taxation, unemployment rates, price indices,
trade, monetary/fiscal policy, consumption,
output, investment, etc.)
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Partner Lead Sphere
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Contract identified
Contract matched
Lead Qualified
Rapport building
Contract awarded
RFP / negotiation process
Teaming/Partner Agreement signed
Virtual Headhunter
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GOAL: Increase Productivity / Synergy
The Invisible Hand
GAP Analysis
Crop / Farm
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“AlwaysOn is committed to plugging its network of venture
capital and private equity firms looking to fund growth
opportunities into the GovTide.com network”
Tony PerkinsFounder, CEO & Editor, AlwaysOn
Founder, Red Herring
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Investor
•Available for Investment
Bankers, Private Equity, Venture
Capital, and Angel funds
•Match businesses in desired
industries with access to profiles
•Match to business preferred
investment size
•Track competitor companies in
the industry
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Payment Gateway Request
Order over SSL
Request for Confirmation
Funds deposited in Merchant Account
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Phone and Online
•Citizens can submit and categorize
online tickets
•Tickets are routed through skills based
routing to proper call centers
•Citizens rate customer service
interactions
•Reporting systems integrated for
historical tracking
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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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Customized Network
•Virtually connect businesses in your
community
•Advertising venue
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Included FREE with GovTide:
Veterans hired as Trainers/Account Managers
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Federal, State and Local
Procurement feeds
Results
Business Registration with
NAICS and Keywords
Individual resume and job
skills; Employment
Security Commission
Investment in the
businesses in our state by
all members of the
investment community
Accurate & Evolving
Economic Modeling,
Analytics to Support
Smart Policy Decisions
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