FiscalNote’s AI-Powered Local Legal and Regulatory Coverage Hits New Milestones: Now Exceeds 5 Million Policy Documents in Its Proprietary Database and the Highest Number of Tracked Localities in the U.S.

Rhea-AI Summary

FiscalNote (NYSE: NOTE) has achieved a significant milestone in its AI-driven local policy coverage, surpassing 5 million local policy documents in its proprietary database. The company now covers over 16,000 local governments and school districts across the U.S., representing the industry's highest number of tracked localities.

The platform tracks over 600,000 documents weekly from local governing bodies and maintains a database of 100,000 local government contacts. The system monitors more than 12,000 municipalities, 4,000 school districts, and hundreds of state boards, providing customers with real-time policy information through SaaS-based custom dashboards and daily reports.

Positive

• Reached milestone of 5 million local policy documents in proprietary database
• Coverage expanded to over 16,000 local government entities
• Processes 600,000 documents weekly
• Maintains database of 100,000 local government contacts
• Tracks over 12,000 municipalities and 4,000 school districts

Negative

• None.

Insights

Tech Expert

The expansion of FiscalNote's AI-powered local policy database to 5 million documents and coverage of 16,000 local governments represents a significant technological achievement in government intelligence. The platform's ability to process 600,000 documents weekly demonstrates robust scalability and processing capabilities. The system's comprehensive stakeholder database of 100,000 local government contacts combined with AI-driven data processing creates a powerful tool for policy monitoring and analysis.

The platform's technological infrastructure, leveraging AI for collecting, processing and tagging unstructured data, addresses a critical market need for automated policy intelligence. This systematic approach to local government monitoring, particularly valuable during political transitions and policy changes, positions FiscalNote as a key player in the civic intelligence SaaS space.

Market Research Analyst

FiscalNote's expanded coverage comes at a strategically important time, coinciding with anticipated policy changes from the upcoming administration change. The platform addresses a significant market gap in local policy monitoring, where organizations struggle to track activities across thousands of municipalities. With approximately 500,000 local officials representing 96% of all lawmakers, the comprehensive coverage provides substantial value to stakeholders needing to navigate complex policy landscapes.

The platform's market positioning is particularly strong given the increasing need for organizations to monitor and respond to local policy changes. The combination of extensive data coverage, AI-powered analysis and actionable insights through SaaS delivery creates a compelling value proposition for government relations professionals and organizations affected by local policies.

AI-Powered Policy Coverage Reaches Over 16,000 Local Governments & School Districts Across the Nation

WASHINGTON--(BUSINESS WIRE)-- FiscalNote Holdings, Inc. (NYSE: NOTE) ("FiscalNote"), a leading AI-driven enterprise SaaS technology provider of policy and global intelligence, today announced that the Company’s award-winning, AI-driven local policy coverage has reached a new milestone, with the addition of its 5,000,000th (5 million) local policy document to its proprietary database, which covers more than 16,000 local governments and school districts across the U.S. and the industry’s highest number of tracked localities in the nation.

Organizations of all types need to anticipate and understand what is happening in the thousands of local governments across the U.S., especially in light of the rapidly changing landscape. The 2024 national elections brought change not only to Washington, D.C. - with the onset of a new Trump Administration as well as a change of party control in the U.S. Senate - but also sweeping change at myriad other levels of government, including county, city, town, school district, and other municipal bodies. There are approximately 500,000 local officials – which is 96% of the elected or appointed lawmakers in the entire nation.

Local government officials are anticipating that a new cycle of active policymaking by the Trump Administration and U.S. Congress will have a direct and tangible impact on local entities – quickly impacting how municipalities enact, or challenge, these coming changes. In addition, as seen in prior years, newly elected and existing lawmakers at the local level will introduce their own agendas with a flurry of new budgets, statutes, ordinances, and codes. Taken together, this significantly impacts organizations and enterprises with a vested interest in understanding, monitoring, and aligning their objectives and goals with new local proposals and policies.

FiscalNote’s award-winning, AI-powered SaaS platform is positioned to equip customers with a full toolkit of civic intelligence and monitoring services for the city, county, municipal, and school board levels of local government. Leveraging its proprietary AI technology to collect, process, interpret, sort and tag this vast range of unstructured data, FiscalNote:

• recently broadened coverage of over 16,000 total local entities across the U.S., including counties, cities, towns, school districts, local and regional commissions and authorities, and state boards.
• expanded its stakeholder database of 100,000 local government contacts that empowers customers with local policy interests and agendas to contact and engage with elected officials, city and county staff, and other decision makers and influencers.
• tracks city and county committee meeting minutes and agendas from more than 12,000 municipalities across the U.S., as well as more than 4,000 school districts and hundreds of state boards.
• scans over 600,000 documents each week from these local governing and regulatory bodies enables customers to be able to respond and take swift action.
• provides customers with a SaaS-based, custom dashboard and daily reports which deliver the insights to help government relations professionals save time, eliminate manual work, and stay informed on any discussion or activity around any local policy issues they need to track.

"Organizations of all types face tremendous challenges in keeping pace with the dynamic landscape of government policies and regulations that can directly impact their operations and objectives,” said Josh Resnik, President & Chief Operating Officer, FiscalNote. “This problem is magnified at the local level, where a single stakeholder might be responsible for monitoring critical issues across thousands of municipalities. Our AI-driven SaaS platform provides customers with immediate access to accurate policy information from thousands of local entities nationwide, and actively processes hundreds of thousands of documents in thousands of municipalities and school districts. This empowers customers to stay informed, take proactive action, and engage with key decision-makers effectively so they can influence positive outcomes benefitting their organizations. Our relentless focus on providing timely and actionable local policy intelligence is not only integral to enhancing our customers' ability to navigate policy complexities, but also plays a critical role in driving our growth and success. By equipping organizations with these insights and tools, FiscalNote enables them to operate efficiently, mitigate risks, and seize opportunities in rapidly changing policymaking environments – especially those following national and local elections."

About FiscalNote

FiscalNote (NYSE: NOTE) is a leader in policy and global intelligence. By uniquely combining data, technology, and insights, FiscalNote empowers customers to manage political and business risk. Since 2013, FiscalNote has pioneered technology that delivers critical insights and the tools to turn them into action. Home to CQ, Dragonfly, Oxford Analytica, VoterVoice, and many other industry-leading brands, FiscalNote serves thousands of customers worldwide with global offices in North America, Europe, Asia, and Australia. To learn more about FiscalNote and its family of brands, visit FiscalNote.com and follow @FiscalNote.

Source: FiscalNote

View source version on businesswire.com: https://www.businesswire.com/news/home/20241217573222/en/

Media

Nicholas Graham

FiscalNote

press@fiscalnote.com

Investor Relations

Bob Burrows

FiscalNote

IR@fiscalnote.com

Source: FiscalNote

FAQ

How many local policy documents does FiscalNote (NOTE) currently have in its database?

FiscalNote has surpassed 5 million local policy documents in its proprietary database.

How many local governments and school districts does FiscalNote (NOTE) track in 2024?

FiscalNote tracks over 16,000 local governments and school districts across the United States.

How many documents does FiscalNote (NOTE) process weekly from local governing bodies?

FiscalNote scans over 600,000 documents each week from local governing and regulatory bodies.

How many local government contacts are in FiscalNote's (NOTE) stakeholder database?

FiscalNote maintains a stakeholder database of 100,000 local government contacts.

How many municipalities and school districts does FiscalNote (NOTE) monitor for meeting minutes and agendas?

FiscalNote tracks more than 12,000 municipalities and over 4,000 school districts for meeting minutes and agendas.