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Industry Landscape
The local government and public administration industry is undergoing significant digital transformation, driven by demands for greater transparency, accessibility, and efficiency. Focus is shifting towards online service delivery, smart city initiatives, and data-driven decision-making. Community engagement remains crucial, with efforts to streamline resident interactions and enhance public trust. Challenges include budget constraints, staffing shortages, and adapting to evolving public expectations.
Total Assets Under Management (AUM)
Local Government Expenditure in United States
~Approx. $2.2 trillion USD (2022-2023)
(3.5% CAGR)
Growth driven by increased demand for public services.
Rising infrastructure development and maintenance costs.
Inflationary pressures impacting operational budgets.
Total Addressable Market
2.2 trillion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Smart City Technologies
Integration of IoT devices and data analytics to optimize urban services, infrastructure, and resource management.
AI-Powered Citizen Services
Utilizing artificial intelligence for enhanced customer support, personalized information delivery, and automated service requests.
Blockchain for Public Records
Implementing distributed ledger technology to secure, transparently manage, and verify public records and transactions.
Impactful Policy Frameworks
Infrastructure Investment and Jobs Act (IIJA) (2021)
The IIJA, also known as the Bipartisan Infrastructure Law, is a federal statute that allocates significant funding for infrastructure projects across the United States, including broadband, roads, bridges, water pipes, and the power grid.
This policy provides Mendham Borough with potential funding opportunities for infrastructure upgrades and the implementation of smart city technologies.
American Rescue Plan Act (ARPA) (2021)
The ARPA is a federal stimulus package providing substantial funds to state, local, and tribal governments to respond to the COVID-19 pandemic and address its economic impacts.
ARPA funds can be leveraged by Mendham Borough to invest in digital transformation projects, improve public health services, and support community recovery initiatives.
New Jersey Open Public Records Act (OPRA) (2002, with ongoing interpretations)
OPRA establishes the public's right to access government records maintained by public agencies in New Jersey, promoting transparency and accountability.
Mendham Borough must ensure its digital platforms and data management systems comply with OPRA requirements, necessitating clear processes for information accessibility and secure record-keeping.
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