WASHINGTON--(BUSINESS WIRE)--FiscalNote, the Washington DC-based company that dramatically improves the way organizations engage with government, today announced a multilateral agreement with the District of Columbia Mayor’s office that will keep the innovative enterprise software company in the district for another 10 years.
FiscalNote created the government relationship management (GRM) category a year ago with the first comprehensive engagement platform, services, and mobile application. The company this month celebrates its fourth anniversary.
"Given FiscalNote's unique position at the intersection of technology and policy, we hoped to be able to stay in the District for our next wave of expansion," said Hwang. "The Mayor's office partnered with us to develop the right incentives that enable us to remain here. We’ll use those resources to invest in training, apprenticeship and internship programs for D.C. residents over the life of the agreement.”
The deal is unique in that the benefits will exclusively serve District residents, rather than just creating jobs that could go to non-residents.
“We’re committed to helping D.C. residents level up with more technical and marketable skills,” added Hwang. “We look forward to bolstering residents’ ability to achieve greater technical literacy.”
Fifty-three FiscalNote employees currently live in the District of Columbia. The company’s more than 120 team members work in offices in the District, New York City, and Seoul, South Korea.
FiscalNote’s new headquarters will occupy a full floor of premier Washington address 1201 Pennsylvania Avenue.
Hwang Named to Washington Business Journal 40 Under 40
Separately, FiscalNote co-founder and CEO Tim Hwang, 25, was named to Washington Business Journal’s 40 Under 40 Class of 2017. The publication last year named the company a Startup to Watch, and Hwang appeared on the cover of the publication’s annual Book of Lists in December.
The publication’s 40 Under 40 program honors greater Washington’s top business leaders and owners under 40 years of age. Each honoree exhibits outstanding performance in their field. Honorees were chosen from more than 450 nominations by a panel of outside judges and the Washington Business Journal staff. The honorees will be profiled in the publication’s July 21 issue.
About FiscalNote GRM
The FiscalNote GRM platform is the most effective solution for managing government impact and public issues. It aggregates global public data and internal data to deliver contextual insights via elegant workflow and collaboration tools. The platform creates an enterprise-based approach to modern government affairs – and the entire system learns over time. The platform marries deep data mining and breakthrough machine-learning techniques.
More than 200 companies rely on FiscalNote GRM and its services. The platform automatically tracks and analyzes data on more than 1.5 million active pieces of legislation, 800,000 federal and state regulations, more than 19,000 legislators and their staffers, more than 10 million regulatory comments, more than 6,000 watch lists, and more than 125,000 individual entities. Data is automatically collected from more than 150 sources at least four times every day.
FiscalNote has reinvented influence – dramatically improving the way organizations build and manage their relationships with all levels of government, and empowering them to have maximum impact on legislation and regulation. The company has raised more than $30 million from prominent early-stage investors including Renren, First Round Capital, Green Visor Capital, MediaToday, NEA, Visionnaire Ventures, Perle Ventures, Steve Case, Mark Cuban and Jerry Yang/AME Cloud Ventures. More than 200 organizations use the company’s proprietary tools and services. The growing number of enterprise companies depending on FiscalNote – from startups through global multinationals – include Akin Gump, Amazon, AstraZeneca, Blue Cross Blue Shield, Bristol-Myers Squibb, Dish Network, Expedia, Fidelity, Freddie Mac, HealthSouth, Illinois Tool Works, Intel, Johnson & Johnson, The Kraft Heinz Co, Microsoft, Pew Research, Sallie Mae, Salesforce, Schlumberger, Southwest Airlines, Staples, Tenet, Thomson Reuters, Walgreens and Whataburger. Non-profits and advocacy groups relying on FiscalNote include the American Society for the Prevention of Cruelty to Animals, Boys & Girls Clubs of America, Code.org, Consumer Technology Association, the Information Technology Industry Council, Natural Resources Defense Council, National Education Association, and the University of Virginia’s Law School.
FiscalNote is a World Economic Forum Technology Pioneer and CEO Tim Hwang is a WEF New Champion.