StateBook International Partners with SelectUSA To Accelerate Economic Growth in the United States

Partnership Offers Most Disruptive Tool for U.S. Communities to Position Themselves for Economic Investment

NEW YORK--()--StateBook International, the first online marketplace to unite Economic Development Organizations (EDOs), site selectors, businesses, and communities nationwide, today announced a partnership with SelectUSA, the arm of the U.S. Department of Commerce focused on showcasing the United States as the world’s premier business location, to fuel and accelerate business and job growth in the U.S. The partnership with SelectUSA is consistent with the strategic plan that SelectUSA unveiled at its Investment Summit in 2013.

“It’s an ideal partnership because StateBook enables any state or municipality to compete globally for economic development opportunities,” said Calandra Cruickshank, CEO and Co-Founder of StateBook International. “Our partnership with Select USA will help put job creation back into the center focus of every community nationwide.”

According to the US Department of Commerce Bureau of Economic Analysis, in Q2 2014, over $62 billion dollars was identified as foreign direct investment into the US market1– a vast amount of which is on the table now for local EDOs looking to change the economic outlook and forecasts for their regions.

Barry Johnson, Principal at the site selection firm 32 Advisors LLC, and founding Executive Director of SelectUSA said the following of StateBook International: “StateBook represents the most comprehensive database for site selection I have ever encountered, I am sold not only by the wealth of information available, but also by the data’s visual interpretation, the advanced search and filter possibilities, and the platform’s ease of use.”

Other premier site selection firms, such as Biggins, Lacy Shapiro & Company LLC (BLS & Co.), are also early adopters of the platform. Jay Biggins, executive managing director of BLS, is chairing StateBook’s site selection advisory board.

EDOs that join as StateBook Members may upload their own information, photos, available sites and buildings, and more to communicate the unique benefits of their region to site selectors and businesses throughout the world, complementing the robust, independent StateBook Stats™ and data tools. As more than 90% of site selection decisions are made online2 before an EDO is ever contacted, StateBook is a powerful tool for EDOs not only to help mitigate being eliminated virtually but also to showcase why their regions may be a prime target for investment, and companies seeking locations appreciate the added context EDOs can provide to complement statistical data maintained, updated and organized by StateBook.

“As early adopters of StateBook, DuPont Global Grants & Incentives groups have found the customizable searches on StateBook insightful,” stated Steven Bonine, Manager, Global Grants & Incentives, and Warren Wood, Tax Consultant, DuPont Global Grants & Incentives groups. “The amount of easily accessible, high quality demographic data offers the user fast access to information useful in the site location decision making process.”

Discoverability of communities in a fast, easy-to-use and understandable format is at the heart of the StateBook International platform. By offering site selectors the ability to search information from more than 50 independent data sources in a simple UX, StateBook International is taking the complexity out of information discovery. Additionally, site selectors and businesses may confidentially search and compare locations by county, MSA or EDO, and create detailed reports using StateBook's more than 20,000 data points, aggregated from dozens of reliable, independent, third-party databases. Site selection decision makers may also anonymously contact EDOs directly through StateBook International to request additional information.

For more information on StateBook International, please visit www.statebook.com

StateBook International Boiler Plate

StateBook International is giving a voice to Economic Development Organizations (EDOs) in order to fuel and accelerate growth of new business in the U.S. The company has developed the first-of-its-kind online data platform and marketplace that unites EDOs, communities, site selectors, and businesses around the globe to easily discover and share vast amounts of qualitative and quantitative data sets in a standardized format for fast, easy discovery and comparison.

The company’s technology represents the next-generation Geographic Information Systems (GIS) platform. The U.S. Geological Survey (USGS) defines GIS as “a computer system capable of assembling, storing, manipulating, and displaying geographically referenced information, i.e. data identified according to their locations.3” By 2015, the GIS market is expected to be valued at over $10.6B4, making it one of the fastest growing and highly competitive markets today.

Equally important, StateBook International is establishing the first industry standard in data comparison. StateBook International allows access to both national and proprietary data sets as well as those from local markets and communities; ultimately, bringing balance and deeper clarity to the site selection process worldwide.

1 Source: U.S. Bureau of Economic Analysis, “Foreign Direct Investment in the U.S.: Balance of Payments and Direct Investment Position Data,” Quarterly Data as of September 17, 2014, http://bea.gov/international/di1fdibal.htm.

2 Source: University of Oklahoma: Economic Development Institute, http://edi.ou.edu/

3 Source: USGS, “Geographic Information Systems,” http://egsc.usgs.gov/isb//pubs/gis_poster/

4 Source: “Geographic Information Systems (GIS): A Global Outlook”; Global Industry Analysts, Inc. (GIA), January 17, 2012, http://www.strategyr.com/Geographic_Information_Systems_GIS_Industry_Market_Report.asp

Contacts

MWW for StateBook International
Samantha Tannenbaum, 917-509-8766
Stannenbaum@MWW.com

Release Summary

StateBook International, the first online marketplace to unite EDOs, site selectors, businesses, and communities nationwide, today announced a partnership with SelectUSA

Contacts

MWW for StateBook International
Samantha Tannenbaum, 917-509-8766
Stannenbaum@MWW.com