.jpg)
A Game-Changer for Local Governments
At Metropolis IQ, we understand the challenges faced by local governments, especially smaller jurisdictions with limited resources. Our AI-driven SaaS platform is designed to bridge this gap, offering cost-effective, comprehensive reports that were previously out of reach for many.
David Graham, Chief Innovation Officer for Carlsbad, described Metropolis IQ as a "game-changer for strategic economic development." Our platform’s ability to produce detailed reports in minutes, a process that traditionally takes weeks, allows local governments to make informed decisions quickly and efficiently. This innovation is not just about speed but also about democratizing access to crucial economic insights.
Early Success and Market Introduction
Our journey so far has been incredibly rewarding. Since early 2024, Metropolis IQ has secured $150,000 in initial funding and has a small cohort of customers helping to test the product. This early success reflects the market's need for our solution and the value we bring to our customers.
We are currently working with early adopters in Carlsbad and the San Francisco Bay Area, fine-tuning our product based on their feedback. These partnerships have been instrumental in refining our platform to meet the specific needs of local governments and workforce agencies.
Harnessing the Power of AI and Big Data
Metropolis IQ leverages AI and big data to automate the report generation process. One of our key offerings is the Comprehensive Economic Development Strategy (CEDS) report, essential for local governments applying for federal grants. Traditionally costing between $30,000 and $50,000 and taking up to 30 days to complete, our platform can generate these reports in minutes, ensuring they are always up-to-date with the latest data.
Our innovative approach combines data from various sources, including federal censuses, the Federal Reserve, and other public and proprietary datasets. This holistic view enables local governments to gain valuable insights into their economic landscape, such as patent activity and other key indicators of innovation and growth.
Looking Ahead
As we prepare to bring our product to market in June 2024, the positive press and growing interest from local governments validate our vision and efforts. Our goal is to empower every local government, regardless of size, with the tools they need to drive economic development and improve community outcomes.
We are incredibly grateful for the support of our investors, advisory board, and early customers. Your belief in Metropolis IQ fuels our passion and commitment to innovation.
Stay tuned for more exciting updates as we continue to build momentum and expand our reach. Together, we are paving the way for a smarter, more data-driven future for local governments.
Read the full San Diego Business Journal article here.
Thank you for being part of our journey.
