Budget Deficit to Break $1 Trillion Despite Strong Economy

US News | January 28, 2020

An annual congressional report says the U.S. budget deficit is likely to burst through the symbolic $1 trillion barrier this year despite a healthy economy. Tuesday's Congressional Budget Office report follows a burst of new spending last year and the repeal in December of several taxes used to help finance the Affordable Care Act. Those have combined to deepen the government's deficit spiral well on into the future, with trillion-dollar deficits likely for as far as the eye can see. The annual CBO update of the government's economic and fiscal health estimates a $1 trillion deficit for the ongoing fiscal year, which would bring the red ink above $1 trillion for the first time since 2012, when former President Barack Obama capped four consecutive years of $1 trillion-plus budget deficits. The government, slated to spend $4.6 trillion this year, would have to borrow 22 cents of every dollar it spends.

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Worksport Announces Strategic Partnership with McAllister & Quinn Set to Propel Federal Grants Acquisition and Strengthen Government Relations

Globenewswire | July 10, 2023

Worksport Ltd. is excited to announce their strategic business relationship with McAllister & Quinn. McAllister & Quinn is a federal government relations and grants consulting firm that serves as Worksport’s “boots on the ground” in Washington, DC. McAllister & Quinn offers services to identify, strategically plan for, and pursue federal funding opportunities and advocate for federal policy issues aligned with Worksport’s strategic priorities and goals. The government is continuing to make historic investments in advanced technology through programs such as the Bipartisan Infrastructure Law (BIL), the Inflation Reduction Act (IRA), and Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act. These programs and others like them have several focus areas, including: Securing domestic manufacturing of critical technologies for decades to come, Reducing the environmental impact of conventionally hazardous manufacturing processes, and Bolstering the clean energy industry to ensure a sustainable future. McAllister & Quinn’s strategic intelligence professionals provide targeted, timely, and actionable assessments of these federal funding trends and developments, including analyses of the annual budget and appropriations process; key R&D policy and legislative updates; landscape analyses for key priority areas; sponsor and program analyses; and daily monitoring of forecasted and new funding opportunities, requests for information, federal advisory committee meetings, and notices of funding opportunities. "Partnering with McAllister & Quinn marks an exciting milestone for Worksport, equipping us to strategically navigate and capitalize on historic federal investment opportunities," said Steven Rossi, CEO of Worksport. "This alliance fortifies our commitment to sustainable innovation and positions us to generate lasting, positive impacts on the communities we serve." McAllister & Quinn tailors their analyses and reporting to issues of interest to Worksport and assists in evaluating and aligning Worksport initiatives with federal funding opportunities. The federal government’s investments also allows its funding recipients to have an opportunity to generate a lasting impact on the communities in which they reside. The Advanced Technology Practice at McAllister & Quinn is committed to having a positive impact in both Worksport’s business and the community they serve. About Worksport Ltd. Worksport Ltd. through its subsidiaries, designs, develops, manufactures, and owns the IP on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), Hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries. Worksport Ltd. seeks to capitalize on the growing shift of consumer mindsets towards clean energy integrations with its proprietary solar solutions, mobile energy storage systems (ESS), and NP (Non-Parasitic), Hydrogen-based technology. For more information, please visit investors.worksport.com

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Emerging Technology

Euna Solutions Announces Technology Partnership with Pavilion to Fast Track Procurement for State and Local Government

Businesswire | August 16, 2023

Euna Solutions, a leading provider of purpose-built, cloud-based solutions for the public sector, today announced a new technology partnership with Pavilion, the leading search platform across the largest network of cooperative contracts for the public sector. Under the partnership, Euna Procure, powered by Bonfire, will be integrated with the Pavilion platform, delivering a seamless experience to find, use, and share cooperative contracts and fast-track the procurement process. Euna Procure is a complete set of eProcurement solutions for the public sector. It features the largest and fastest growing supplier network consisting of more than 700,000 suppliers. By integrating with the Pavilion platform, public sector procurement teams will now have access to more than 100,000 shareable contracts from over 400+ national and regional purchasing cooperatives, states, and local public entities. Access to this robust database will make the process of finding cooperative and piggybackable contracts substantially more efficient by allowing users to quickly identify existing contracts they can use to purchase compliantly without a new solicitation process. Other benefits of the Euna/Pavilion integration include: • Time and money savings: Within Euna Procure, users can seamlessly access shareable contracts. Piggybacking on a competitively solicited contract from a peer public entity reduces the administrative costs of running a new solicitation, which for some public entities can be more than $80,000. Shareable contracts can also provide access to more competitive pricing. • Internal and external collaboration: The integration allows agencies to more easily share contracts with other members within their agency, as well as with other agencies around the country. This provides procurement professionals greater access to public contracts, improving both internal and external collaboration. • Integrated workflows: Once procurement managers have identified the right contracts in the database, they will be able to easily reference them and invite suppliers to participate in new solicitations. “We are very excited about our integration with Pavilion as it will empower our customers to leverage their peers’ experience by accessing the nation’s largest network of shareable contracts,” said James Ha, Chief Growth Officer at Euna Solutions. “Partnerships like this help our customers promote responsible sourcing and efficient outcomes that improve communities.” “As public entities look to do more with less, we’re developing new ways to support procurement professionals in doing their most critical work,” said Mariel Reed, co-founder and CEO at Pavilion. “This partnership creates a more seamless experience for Euna Procure users to find, use and share contracts with other public entities so they can deliver better, faster services and drive greater impact for their communities.” About Euna Solutions Euna Solutions is a leading provider of purpose-built, cloud-based solutions that power critical administrative functions and financial operations for the public sector. Formerly GTY Technology, Euna Solutions offers easy-to-use solutions for procurement, payments, grant management, budgeting, permitting and K-12 administration that are proven to increase operational efficiency, transparency, collaboration, and compliance. Euna Solutions is a trusted partner to more than 2,000 government and public sector organizations across North America, empowering digital transformation and streamlining business processes while enabling higher levels of citizen access, engagement and satisfaction. About Pavilion Pavilion is purpose-built to help you work smarter by providing access to the largest network of shareable contracts from across the country – for free – with one simple search. Find the right contract for you, whether it’s from your neighbor’s filing cabinet or a national purchasing cooperative. Expedite your due diligence and connect with the right supplier to get a fast response and hands-on support.

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Emerging Technology

Accrete Awarded a Multiple Award Schedule (MAS) contract by the U.S. General Services Administration (GSA)

PR Newswire | August 02, 2023

Accrete AI, a leading dual-use AI software company, announced today that it has been awarded a Multiple Award Schedule (MAS) contract by the General Services Administration (GSA), the centralized procurement arm of the federal government. The company will deliver a transformative enterprise solution powered byArgus™, Accrete's dual-use anomaly detection AI Agent. "We're happy to streamline and expand the procurement options for the defense and intelligence community in order to bring innovation in AI at the speed of light to the U.S. Government.," said Jim Gill, Chief Operating Officer, Accrete AI. "The AI arms race is moving quickly and the government needs to access innovative technologies, especially AI, faster and easier than ever before. The GSA MAS contract will help bring Argus into the right hands at the speed of relevance." Argus will ultimately reshape the U.S. Government's posture in the open-source information battlespace, facilitating cross-agency communication, eliminating redundant tasks, boosting the analytical efficiency of petabytes of internal and external data including social media, and reducing time to insight from weeks and months to seconds for tens of thousands of analysts. About Accrete AI Accrete AI, founded in 2017, delivers configurable, reliable, and accurate dual-use Analytical AI Agents to both government and commercial customers. Analytical AI agents are AI software that learn from domain specific human expertise, perform analytical work that would otherwise require an army of human experts, and generate predictive insight beyond human capacity, enabling enterprise customers to grow in previously unimaginable ways. Accrete is headquartered in Lower Manhattan with offices in Alexandria, Va., and Wellesley, Mass. For more information, visit www.accrete.ai.

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