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Industry Landscape
The municipal government industry in the US is currently focused on digital transformation to enhance service delivery and citizen engagement. There's a growing emphasis on smart city initiatives, data-driven decision-making, and resilient infrastructure. Fiscal sustainability, attracting and retaining talent, and addressing social equity issues remain key challenges amidst evolving community needs.
Total Assets Under Management (AUM)
Total Local Government Expenditures in United States
~Approximately 2.3 Trillion USD (2023 estimate for all local governments in the US)
(3-5% CAGR)
-Driven by inflation and increasing service demands.
-Infrastructure projects and technology upgrades contribute.
-Population growth in urban areas fuels expenditure.
Total Addressable Market
2.3 Trillion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-Powered Citizen Services
Utilizing Artificial Intelligence and machine learning to automate responses to common citizen inquiries, personalize service delivery, and enhance predictive analytics for urban planning and resource allocation.
IoT for Smart City Infrastructure
Deployment of Internet of Things sensors and devices across city infrastructure (e.g., smart lighting, waste management, traffic control) to collect real-time data for optimized operations and improved public services.
Blockchain for Transparent Governance
Implementing blockchain technology for secure, transparent, and immutable record-keeping in areas like land registries, voting systems, and supply chain management for public procurement, enhancing trust and reducing fraud.
Impactful Policy Frameworks
Infrastructure Investment and Jobs Act (IIJA) (2021)
This bipartisan infrastructure law allocates significant federal funding for rebuilding America's roads, bridges, and rails; upgrading public transit; improving ports and airports; and investing in broadband, water pipes, and the electric grid.
It provides substantial funding opportunities for the City of McKinney to undertake critical infrastructure projects, from improving roads to enhancing digital connectivity, thereby increasing service capacity and potentially reducing local tax burdens for these specific projects.
American Rescue Plan Act (ARPA) (2021) - State and Local Fiscal Recovery Funds
ARPA provided $350 billion in emergency funding for state, local, territorial, and Tribal governments to respond to the COVID-19 pandemic, support economic recovery, and address health disparities.
The City of McKinney has utilized these funds for various initiatives, including public health response, addressing negative economic impacts, and investing in necessary water, sewer, and broadband infrastructure, directly benefiting residents through improved services and community programs.
National Cybersecurity Strategy (2023)
This strategy outlines the Biden-Harris Administration's approach to securing the digital ecosystem, emphasizing public-private partnerships, protecting critical infrastructure, and investing in a resilient future.
For the City of McKinney, this policy necessitates enhanced cybersecurity measures and investments to protect sensitive citizen data and critical city infrastructure from cyber threats, ensuring the integrity and reliability of its digital services and operations.
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