Money to Burn, And Lessons to Learn

Money to Burn, And Lessons to Learn<@VM>TechToon

Steve LeSueur

Ironic as it sounds, the federal government needs help handing out money.

Each year, federal agencies send approximately $300 billion in grants to state and local governments for programs ranging from child welfare and education to transportation and housing, according to officials in the information technology industry. Tracking this money from start to finish and making sure that the grants achieve their intended results is becoming an increasingly complex endeavor for the agencies.

The Federal Financial Assistance Management Improvement Act of 1999 gives agencies until May 2001 to develop plans for streamlining grants procedures and cutting down on duplicative and unnecessary reporting requirements.

These requirements present a huge opportunity for companies like FreeBalance Inc., Oracle Corp. and TRW Inc., which are gearing up to provide grants management systems to the federal government. You can read about this growing market for grants management systems, estimated by a FreeBalance official to be as much as $3 billion, in the front-page story by Staff Writer Patience Wait.

And if you're wondering about how to inspire creativity among your employees, or if you want to get your own creative juices flowing, take a look at Staff Writer Gail Emery's front-page story about lessons from the sandbox. Yes, thinking "outside the box" has become a tired cliché. But some companies have learned that thinking "inside the sandbox" can stir innovation with their walls.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • POWER TRAINING: How to engage your customers

    Don't miss our Aug. 2 Washington Technology Power Training session on Mastering Stakeholder Engagement, where you'll learned the critical skills you need to more fully connect with your customers and win more business. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman interviews Tom Romeo, the leader of Maximus Federal about how it has zoomed up the 2019 Top 100. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.