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Page 1: Localintel Pitch Deck - May 2019 › attachments › da... · competitors, growth locations, new opportunties and more. INTERACTIVE INDICATORS Dashboards present valuable data to
Page 2: Localintel Pitch Deck - May 2019 › attachments › da... · competitors, growth locations, new opportunties and more. INTERACTIVE INDICATORS Dashboards present valuable data to

THE STORY AHEAD….

THE OPPORTUNITY A huge opportunity exists to help the 40,000 municipalities across the US drive local economic development and support small business growth.

OUR SOLUTION Our economic development web tools are easiest, most affordable way municipalities can engage with small businesses and provide the knowledge, data and assistance they need to prosper.

MAKING IT HAPPEN We have a unique product that customers need and love, we are growing fast and we have an elite team that is passionate about using technology to create prosperous communities.

1 2 3

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THE OPPORTUNITY

1

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THE PROBLEM FACED BY SMALL BUSINESS

Small businesses are the backbone of the US economy. 99.9% of businesses are small in the US. They employ 58.9 million people and generate over $420 billion in exports annually.

But 1 in 2 small businesses in the US fail within 5 years. This results in lost jobs, lost income for households, lost dignity and higher risk of personal, family and community breakdown.

Greater knowledge and data is the key to small business success. Unlike large corporations, most small businesses lack the resources needed to access and use a range of data that can help them make better business decisions.

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THE PROBLEM FACED BY MUNICIPALITIES

Economic development is increasingly important to municipalities. Today, some element of economic development is present in virtually every city, town and village in North America. In the US there are over 40,000 municipalities alone.

Municipalities can drive economic development by helping small businesses. Studies have consistently shown that supporting the growth of emerging and existing small businesses produce the majority of economic growth in US communities.

The internet is the most powerful economic development tool. Unfortunately most municipalities lack the resources to harness the internet to help businesses ask better questions, understand their market, avoid costly mistakes and create a more resilient and successful local businesses.

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A huge opportunity exists to help the 40,000 municipalities across the US drive local economic development and support small business growth.

THE OPPORTUNITY

Key Takeaway #1

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OUR SOLUTION

2

Page 8: Localintel Pitch Deck - May 2019 › attachments › da... · competitors, growth locations, new opportunties and more. INTERACTIVE INDICATORS Dashboards present valuable data to

OUR ECONOMIC DEVELOPMENT WEB TOOLS For municipalities, integrating Localintel’s economic development web tools into their existing website

is the easiest, most affordable way to engage local small businesses, share data and drive economic

development.

HOW-TO GUIDES

Our tools provide step by step guides to help small businesses start their business, write a business plan, select a location and more.

DYNAMIC MAPS

Maps in our tools provide small businesses with detailed location intelligence about customers, competitors, growth locations, new opportunties and more.

INTERACTIVE INDICATORS

Dashboards present valuable data to small businesses about a municipalities economy, taxes, demographics, workforce and more.

CONNECT TO OTHER RESOURCES

The tools connects small businesses with other resources and organizations that can help them succeed.

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HOW IT WORKS

A CATALOG OF TOOLS

Localintel’s catalog of next-gen economic development web tools brings together location and market data, GIS technology, micro-services, powerful analytics and advanced user experience – in one fully integrated cloud-based SaaS solution.

PICK THE TOOLS A-LA-CARTE

Municipalities can select from our catalog of tools a-la-carte based on their needs and budget. Localintel’s current catalog can be explored here.

Once set up, the municipalities plug the tools into their existing website. The tools are hosted and updated by Localintel in a largely automated fashion.

The time and inputs required from municipalities is deliberately kept to a minimum.

PAYING FOR THE TOOLS

Localintel charges municipalities an annual subscription fee which depends on the number of our tools they have selected from our catalog.

The annual fee varies from $1,900 to over $20,000 a year for each municipality.

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Easy to set up

Setting up our tools is largely automated and requires minimal effort from municipalities.

FEATURES OF OUR WEB TOOLS

Always up to date

We source the data used in the tools from an array of sources and make sure they stay up to date for our clients.

Analytics provided

We measure all user analytics and provide municipalities with a regular report to see how the tools are being used.

Marketing support included

All municipalities receive a marketing package to help promote the tools and build awareness amongst the business community.

Designed for mobile

Our tools are designed with mobile in mind and perform on any screen size.

Multi language

Some of our tools are provided in English, Spanish and French.

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VALUE TO MUNICIPALITIES

#2 - DRIVES LOCAL ECONOMIC DEVELOPMENT  

Through a beautiful and user friendly interface, the tools ensure municipalities are making it easy for emerging and existing small businesses to find

information they need to know to survive and prosper.

#3 - SAVES STAFF TIME  By responding to common and repetitive questions that businesses have, our economic development web tools can reduce demands on municipal staff

time. 

#4 - IMPROVES CUSTOMER SATISFACTION  Businesses can access the tools on the municipality’s website 24 hours a day, 7 days a week to get instant and consistent answers to many of their

questions. 

#5 - DEEPER UNDERSTANDING OF BUSINESS NEEDS  The tool’s user analytics report provides municipalities with real insights into what local small businesses want to know and they you can help them. 

#6 - SHARE DATA INTERNALLY  Other departments in the municipality will benefit from having access to accurate and up to date data. 

#1 - IMPROVES ENGAGEMENT WITH BUSINESS Our economic development web tools provide municipalities with a powerful new online channel to reach out and connect with

business.

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VALUE TO BUSINESSES USE CASE EXAMPLE - A person looking to starts a pet store in New Orleans can use a range of Localintel’s economic development web tools

provided by the municipality to ensure they are making better decisions from the outset of their business journey.

How do I start a business? A step by step guide explains the

14 steps to start a business and

more.

How do I write a business plan? Another guide describes the key

elements of an effective business

plan.

Who are my customers? The tools identifies the ideal pet

stores customers and where they

are located in New Orleans.

Where are my competitors? The location of competing pet

stores in New Orleans is easily

identified.

Where is the best location? Data about busy locations and

growth areas makes it easier to

select the right location.

Where can pet stores operate? A land use zoning map makes it easier

to identify where pet stores can

operate in New Orleans.

What permits do I need? An overview of taxes and

regulatory requirements are

provided.

What are the industry trends ? Valuable information is provide on

market trends and financial

benchmarks for pet stores.

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WHERE WE GET DATA FROM

Localintel sources the best data available for the Business & Investment Assistant from a range of proprietary and public sources, including: Dun & Bradstreet, Neustar, US Census Bureau, Bureau of Labor Statistics, Bureau of Economic Analysis and Internal Revenue Service.

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Our economic development web tools are easiest, most affordable way municipalities can connect with small businesses and provide the knowledge, data and assistance they need to prosper.

OUR SOLUTION

Key Takeaway #2

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MAKING IT HAPPEN

3

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OUR CLIENTS

VIRGINIA DELAWARE FLORIDA INDIANA

LOUISIANA MASSACHUSETTS MICHIGAN NEW JERSEY

Since launching our first online economic

development tool 2.5 years ago, we have

quickly become one of the fast growing

GovTech firms in the world. We are currently

working with 129 municipalities, counties,

chambers and economic development

corporations across 18 US states, 6

Canadian provinces and Australia.

Some of our better known clients include

City of Seattle, City of Cleveland, New

Orleans Business Alliance, Indianapolis

Chamber and Calgary Economic

Development.

Our smallest client is a rural village of 313

people while our largest client is a city with

1.2m residents.

OHIO OREGON PENNSYLVANIA WASHINGTON

COLORADO TEXAS ARIZONA CALIFORNIA

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OUR GROWTH

13%

0

20

40

60

80

100

120

140

1-Oct-1

6

1-Dec-16

1-Feb-1

7

1-Apr-1

7

1-Jun-1

7

1-Aug-1

7

1-Oct-1

7

1-Dec-17

1-Feb-1

8

1-Apr-1

8

1-Jun-1

8

1-Aug-1

8

1-Oct-1

8

1-Dec-18

1-Feb-1

9

1-Apr-1

9

Number of clients

16%

Month on Month growth in clients

Month on Month growth in annual recurring revenue

3 countries Clients in US, Canada and Australia

9 staff Across 3 offices

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Commercial-in-Confidence

TESTIMONIALSRochelle Freeman, Business & Economic Development Director, City of Southfield MI

“My office was not able to meet these needs adequately prior to our entering into a relationship with Localintel. Additionally, Southfield is able to assist clients 24/7 via the Localintel tools, enabling businesses access to information when they want it rather than being limited to our business hours. We have received very positive feedback from our local partners including the Michigan Economic Development Corporation, Oakland County Economic Development and Southfield Area Chamber of Commerce.  They are featuring our community’s economic development tools in their presentations to new businesses and entrepreneurs when working with them to showcase how to find the correct resources and information needed for effective business plans and expand marketing efforts.”

Brian Surratt, Director of the Office of Economic Development, City of Seattle WA

“Data is only useful if it is easily accessible. That’s why I’m so excited about the Business Decision Engine (the name given to Localintel’s tools by

Seattle). Through a beautiful and engaging interface, entrepreneurs will have access to volumes of City and partner agency data that together can help business owners make choices about where and how they do business in Seattle. Before the Business Decision Engine, people had to search several agencies, and even if they found the right data, they may not have had the context to make it useful. Now, all the most important information is in one place and easily digestible for anyone.”

Kathy Henderson, Director Economic Development, Carbon County PA

“I was contacted by one of our local tv news reporters who is doing a story on the unemployment rate here in Carbon County.  I was able to use the new data provided in the tools to showcase in their story.  They also used the graphs as a visual.” 

Jon Allan, Economic Development Officer, Town of Sundre, AB

“The Town of Sundre uses Localintel’s interactive economic development tools to help recruit and promote new businesses. Being able to provide a biomedical industrial investor with legitimate information about the regional workforce via Localintel’s tools was a catalyst in helping secure their $10 million investment.”

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Commercial-in-Confidence

WHAT PEOPLE ARE SAYING

Office of Economic Development Puts Big Data in the Hands of Small Business

Link

Localintel: Powering Economic Development for Smart Cities Link

Smart Cities Council Honors Trailblazing Start-Ups with Innovation Alley Awards

Link

Develop Indy Launches New Tool to Support Business Growth in Indianapolis

Link

City of Southfield launches ‘Business Catalyst’ to help companies succeed

Link

Local market insight provides a boost to small businesses in Calgary

Link

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Commercial-in-Confidence

OUR COMPANY & LEADERSHIP

Localintel is a technology firm founded in 2016 and we have quickly established ourselves as a market leader. A brief profile of Localintel's co-founders is provided below.

DAVE PARSELL Co-founder & Chief Executive Officer

Dave has 15 years experience working in senior consulting and local government roles where he specialized in economic development and strategic planning. He holds a Masters of Public Administration, Masters of Environmental Planning and Bachelor of Commerce.

MEHDI AMOUI Co-founder & Chief Technical Officer

Mehdi is a software engineer and researcher with extensive experience in designing, building and maintaining enterprise systems and leading technical teams. He holds a PhD in software engineering, Masters in artificial intelligence, Bachelor of Science in software engineering.

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We have a unique product that customers need and love, we are growing fast and we have an elite team that is passionate about using technology to create prosperous communities.

MAKING IT HAPPEN

Key Takeaway #3

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3 KEY TAKEAWAYS

THE OPPORTUNITY A huge opportunity exists to help the 40,000 municipalities across the US drive local economic development and support small business growth.

OUR SOLUTION Our economic development web tools are easiest, most affordable way municipalities can engage with small businesses and provide the knowledge, data and assistance they need to prosper.

MAKING IT HAPPEN We have a unique product that customers need and love, we are growing fast and we have an elite team that is passionate about using technology to create prosperous communities.

1 2 3

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CONTACT US

Please don’t hesitate to contact Dave

Parsell with any questions at:

(e) [email protected]

(p) 206.356.6504

(w) www.localintel.co

Seattle. Philadelphia. Calgary.