Trump budget proposes $1T for transportation infrastructure investments

US Department of Transportation | February 11, 2020

The Trump administration this week released its FY 2021 budget, which includes a proposed $1 trillion in transportation infrastructure investments. The president's budget also requests $21.6 billion for the U.S. DOT in discretionary budget authority for 2021, which is a $3.2 billion (or 13%) decrease from the 2020 enacted level. According to a report from the Washington Post, the budget also cuts more than $2 billion in highway infrastructure funds and more than $500 million in transit grants. The budget proposes a 10-year reauthorization of surface transportation systems, including $755 billion in mandatory spending from the Highway Trust Fund, and $55 billion in authorizations of discretionary budget authority from the General Fund. The $810 billion reauthorization of surface transportation programs includes highway, transit, rail, highway safety, and hazardous materials safety programs. The budget includes an additional $190 billion for additional infrastructure investments for a transportation infrastructure investment total of $1 trillion.

Spotlight

Mitt Romney, Sen. John McCain, and George W. Bush are among the GOP heavyweights who are at odds with presumptive republican nominee Donald Trump. CNN's Sunlen Serfaty reports.

Spotlight

Mitt Romney, Sen. John McCain, and George W. Bush are among the GOP heavyweights who are at odds with presumptive republican nominee Donald Trump. CNN's Sunlen Serfaty reports.

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Ventech Solutions Recognized in 2022 FedHealthIT Innovation Awards

Ventech Solutions | May 25, 2022

Ventech Solutions, Inc. has been recognized in the 2022 FedHealthIT Innovation Awards for its support of the 1135 Waiver/Flexibility Request and Public Health Emergency Inquiry Helpdesk Tool for the Centers for Medicare and Medicaid Services (CMS) Center for Clinical Standards and Quality (CCSQ). Nominated and selected by a panel of current and former federal and industry leaders from across the federal IT sector, these programs are chosen for driving technology innovation and results within the federal health IT space. To be recognized for delivering an innovative technology solution that better serves our medical community and government in times of an emergency is quite an honor. We're thrilled to be able to partner with our client and deliver a successful outcome and tool that solves a vital need to the public, and we congratulate CMS-CCSQ on the award." Tonia Bleecher, Chief Executive Officer for Ventech Solutions Using the ServiceNow platform and as a ServiceNow Premier level partner in sales, services and the public sector, Ventech Solutions developed a new publicly accessible web-based portal for submissions of 1135 waivers of the Social Security Act that are used in a disaster or emergency by hospitals, medical providers and state agencies. Ventech Solutions also supports CMS by operating and maintaining CCSQ's QualityNet website, which provides healthcare quality improvement news, resources and data reporting tools and applications used by healthcare providers, through the Health Care Quality Information Systems (HCQIS) Infrastructure and Data Center Support (HIDS) contract. CCSQ's mission is to improve healthcare outcomes, beneficiary experience of care and population health, while reducing healthcare costs. Ventech Solutions leads design and development teams for ServiceNow, cloud computing, infrastructure automation and DevSecOps delivery. The QualityNet infrastructure and network support major application environments to collect clinical data and measure quality of care for CMS beneficiaries. Ventech Solutions will join the awardees at the 8th Annual FedHealthIT Innovation Awards on June 7, 2022, in Washington, D.C. About Ventech Solutions Ventech Solutions is a technology and healthcare solutions provider that leverages emerging technologies to deliver a wide range of enterprise services including cloud modernization, infrastructure, data, security and service integration support. Ventech Solutions leads and manages some of the most critical technology transformation initiatives for the public sector that empower government agencies to achieve their missions.

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GOVERNMENT FINANCE

Canvass AI Accelerates Expansion with Completion of US $14.23 Million Series A Funding

FedDev Ontario | August 10, 2022

Canvass Analytics Inc. ("Canvass AI"), a leader in industrial AI software, today announced the completion of its previously reported Series A financing with an extension of US $7.73 million, led by Yamaha Motors Ventures and a CDN $5.7 million (US $4.43 million) repayable loan from the Government of Canada, through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). The Series A extension will fuel the company's mission to empower industrial workforces to drive impact across their operations with the power of Industrial AI. "The completion of our Series A endorses our go-to-market strategy and the acceptance of our solution in market. Today, leading industrials and manufacturers are using our patented Canvass AI platform to solve challenges that have plagued their operations for decades. This, in turn, is providing a positive impact to their productivity, profitability, and sustainability goals, This additional financing places us in a solid position to achieve our growth plans and accelerate AI adoption in large and mid-cap industrial companies." -Humera Malik, CEO of Canvass AI. As previously announced, the FedDev loan will enable the company to expand its diverse and inclusive workforce in Ontario as the company accelerates its growth with industrial companies who are rapidly adopting and scaling AI across their operations. "Our government believes that protecting our environment and fighting climate change is not only the right thing to do for the planet but also for our economy. The Government of Canada is proud to support tech companies like Canvass AI in the important work they are doing to reduce the environmental impact of major industries as we move toward net-zero emissions." -Honourable Helena Jaczek, Minister responsible for the Federal Economic Development Agency for Southern Ontario. Canvass AI's laser focus on enabling industrial companies to achieve their performance goals faster with the power of AI is filling a gap in the market that industrial companies have been searching for. We are excited by Canvass AI's strategy to empower industrial engineers as the change makers of Industry 4.0 so that the industrials can extend their competitive advantage, reduce costs, and advance their sustainability initiatives, commented Anish Patel, COO and Managing Director of Yamaha Motor Ventures. Canvass AI's customers span the oil and gas, chemical and petrochemical, metals and mining, and energy sectors, all of which contribute significantly to the global economy and will play key roles in combating climate change. The Canvass AI platform provides industrial engineers with easy-to-use AI solutions to apply and scale across their operations that address their operational challenges, without requiring coding or data science expertise. Today, leading companies use Canvass AI to reduce carbon emissions and waste, improve yields, optimize facility operations, improve asset reliability and integrity, and optimize energy consumption. About Canvass AI: Canvass AI is a leading industrial AI software provider that puts the power of AI in the hands of industrial workforces to solve day-to-day operational problems. Some of the world's largest companies use Canvass AI's patented Industrial AI Platform to reduce carbon emissions and waste, improve yields, and optimize facility operations. Backed by Alphabet and Yamaha Motor Ventures, the Company is recognized by CB Insights as one of the world's top 50 technology companies that is advancing manufacturing. About FedDev Ontario: For 13 years, the Government of Canada, through FedDev Ontario, has worked to advance and diversify the southern Ontario economy through funding opportunities and business services that support innovation, growth and job creation in Canada's most populous region. The Agency has delivered impressive results, which can be seen in southern Ontario businesses that are creating innovative technologies, improving productivity, growing revenues, creating jobs, and in the economic advancement of communities across the region.

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GOVERNMENT BUSINESS

Indigov Receives $25 Million in Series B Funding

Indigov | May 31, 2022

Tusk Venture Partners, 8VC, Wicklow Capital, Align Ventures, and Valor Equity Partners participated in a $25 million Series B investment round for Indigov, the premier constituent service platform for public officials. This takes the total amount raised by the company to more than $38.3 million. Indigov is a multi-channel constituent experience management platform that helps public officials organize, respond to, and engage those they serve proactively. It was launched in 2019. Officials may get real-time insight into the pulse of their constituency thanks to the platform's rich reporting and analytics. Indigov is also used by the federal, state, and local governments to manage casework and triage incoming communications that might otherwise clog their inboxes. Indigov presently helps hundreds of congressional, state, and municipal leaders who represent more than 150 million people in the United States. Americans have relied on their government for aid more than ever in the last two years during the pandemic, from obtaining COVID and unemployment resources to expressing political expression. In general, the number of contacts with public authorities has gone up five times in the last ten years. This is partly because people now have more ways to get in touch, such as through email and social media. Staffing, budgets, and technology, on the other hand, have stayed unchanged. This has put a lot of pressure on employees, as well as disillusionment among voters and a loss of faith in our government. The U.S. government receives close to 53 billion requests a year from the public, the vast majority of which are managed in spreadsheets, email, physical paper, and outdated legacy databases. No company could function managing the level of communications public officials receive with the tools they use - when they fail, we all fail." Alex Kouts, CEO and Founder of Indigov Alex further added that these touch points are the democratic user experience, and they must be improved. Every day, they collaborate with government authorities to provide a service that not only meets but exceeds, private market expectations. They are making a whole new category of software to change the way people interact with the government from the ground up.

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