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StateBook International

StateBook is the first online marketplace for corporate site selection and economic growth.

  • Stage $500K in TTM Revenue
  • Industry Internet / Web Services
  • Location Kingston, NY, US
  • Currency USD
  • Founded October 2012
  • Employees 4
  • Incorporation Type C-corp
  • Website statebook.com

Company Summary

StateBook.com is revolutionizing the way billions of dollars worth of annual corporate site location decisions are made each year.

Dun and Bradstreet tracks 40,000 companies moving across state lines each year. When a company moves a headquarters or open a new manufacturing facility, finding the right location requires weeks or months of research. Poring through dozens of opaque, cumbersome government databases is standard practice to find the communities that provide the best workforce, infrastructure, taxes, utility costs, and quality of life to meet a businesses needs.

StateBook aggregates over 63,000 strategic data points, standardized for every community across the U.S., from over 50 different data sources. StateBook data is integrated into an organized, easy-to-use platform, complete with GIS mapping platform and search, filter, comparison and reporting tools, that enables companies to make data-driven site location decisions in seconds.

StateBook also provides microsites on its platform for each U.S. economic development organization (EDO) to add their own editorial content, photos and more to market their communities to the companies expanding and relocating.

Companies that provide resources for economic development projects (banks, law firms, utilities, engineering firms, etc.) may advertise on EDO microsites to market their products and services to StateBook's valuable, targeted audience of companies expanding and relocating.

StateBook's revenue is generated from:

1. Annual, recurring memberships from competing U.S. EDOs seeking to promote their communities to the companies expanding and relocating from around the world. More than 270 EDOs from across 12 states have already joined as paid members. Membership is expected to grow to 860 EDOs with NY, IN and OK scheduled to join before Jan. 15th, 2016.
1 a. EDOs also may license StateBook Stats data and/or StateBook Sites & Buildings widgets or APIs to place on their existing websites for an additional cost.
1 b. Businesses that want to market their products and services to companies interested in expanding to their community may advertise on EDO microsites. StateBook shares 50% of the advertising revenue with the EDOs.

2. Data subscriptions and customizable, one-time data reports sold to companies (and to the consultants, commercial real estate brokers, service providers and U.S. and international embassies working with the companies) making site selection decisions. More than 50 site selectors are accessing StateBook; approximately 10% of these have purchased data subscriptions. SelectUSA, tasked with attracting foreign direct investment to the U.S., has awarded StateBook a multi-year, sole provider federal contract to use our platform at their 34+ locations around the world.

3. A matchmaking platform that enables companies to post their requests for information (RFIs) on StateBook and solicit responses from relevant EDOs. This platform is under construction.