Portal will link cities, businesses
- By Dan Caterinicchia, Dan Caterinicchia
- Aug 07, 2000
As the business-to-government market continues to grow, one company is hoping
to separate itself from the competition by giving the private sector access
to hundreds of cities while offering auctions and procurement capabilities
to local governments.
ECitydeals facilitates transactions between city governments and private
entities. The Los Angeles-based company generates revenue through transaction
fees, advertising and sponsorships, economic development services and consulting
fees, said chief executive officer Larry Kosmont.
"We're the online business portal for cities and the private sector
to get together and do transactions easily by getting rid of all the bureaucracy
and paperwork," Kosmont said. "We're the only one that's really focusing
on B2G for local government and not on state and federal."
ECitydeals enables cities to conduct online auctions, purchase goods and
services, post competitive public works bids, trade taxes with other cities
and advertise job opportunities.
Kosmont said more than 600 cities have expressed interest since the
company's launch in April, and it has already conducted auctions for cities
in California, Maryland and Virginia.
Newport News, Va., auctioned nine items online — including four school
buses, two motorcycles and a van — for a total of more than $31,000, he
"ECitydeals is a full-service portal for economic development, procurement
and auctions, and allows cities to use the Internet for a variety of transactions,"
The company has conducted online auctions, but its procurement features
are in beta testing and will be rolled out during the next few months.