How A Local Government Can Help Local Startups

I get policy types asking me this question a lot – how can we help local startups?

Well one way is to use their products to deliver better and more efficient services to citizens.

The State Of Iowa is demonstrating how it is done today with our portfolio company Dwolla, which happens to be located in Iowa.

Today, they are announcing that:

  • The State Of Iowa will accept payments with Dwolla
  • This will allow the state to collect ~$100 million a year in taxes
  • New partnerships are on the horizon with property taxes, vehicle registration and others
  • They will explore new opportunities for collecting and issuing government payments 
  • Dwolla is hoping that this proof point will help them approach additional governments who are looking for better and cheaper options to take payments. And in reflection of that, Dwolla has launched a new landing page, dwolla.com/government.

    So if you are looking to help startups get going in your region, one way is to become a customer of theirs and help them demonstrate the power of their technology to others. It's great to see the State of Iowa do that with Dwolla.