Springfield Public Schools No. 19, Oregon, Uses GFOA YieldAdvantage
November 9, 2004Springfield Public Schools No. 19, Oregon placed a $500,000 investment using GFOA YieldAdvantage, a new Internet auction website offered by the Government Finance Officers Association. Traditionally, government entities and school districts solicit bids from banks and broker-dealers via phone. Using the GFOA YieldAdvantage website, state and local governments are able to solicit bids and exchange… Read more »
Grant Street Group Exceeds $5 Trillion in Auction Volume
November 4, 2004Grant Street Group, the Pittsburgh-based firm that pioneered Internet auctions of new bond issues, today announced that its auction websites exceeded $5 trillion in total volume. Since hosting the first auction in November 1997 for the City of Pittsburgh, Grant Street Group has diversified into designing, developing and licensing customized or private-labeled auction websites used… Read more »
BidOhio Website Celebrates 5 Year Anniversary
October 5, 2004Today’s $42.5 Million CD auction marks the 5 year anniversary of the www.BidOhio.com website. The site has auctioned off over $2.5 Billion in 6-month CDs for the Ohio Treasury and was the first of its kind when introduced in October of 1999. It has received recognition from, the Government Finance Officers Association (GFOA)- Louisville Award… Read more »
The City of Walterboro, South Carolina Uses GFOA YieldAdvantage
September 9, 2004The City of Walterboro, South Carolina solicited a $250,000 6 month CD using GFOA YieldAdvantage, a new Internet auction website offered by the Government Finance Officers Association. Traditionally, government entities and school districts solicit bids from banks via phone. Using the GFOA YieldAdvantage website, state and local governments are able to solicit bids easily and… Read more »
Texas Chooses Grant Street Group to Host its $7 Billion Competitive Note Sale Website
July 8, 2004Grant Street Group today announced that the Comptroller of Public Accounts for the State of Texas, Carole Keeton Strayhorn, selected Grant Street to create and maintain a new website that the Comptroller will use to auction $7 billion of tax and revenue anticipation notes (TRANs) in August and annually thereafter. The Comptroller’s “private label site”… Read more »
Miami-Dade and 3 Other Florida Counties Use New LienAuction Service to Sell over 60,000 Tax Certificates
June 22, 2004During the course of two weeks — from May 19 to June 4 — four Florida counties concluded the country’s first Internet auctions of delinquent tax certificates. Orange, Okaloosa, Volusia, and Miami-Dade Counties each held Internet auctions — ranging from one day for Okaloosa County to four days for Miami-Dade County — of delinquent tax… Read more »
Grant Street Group Develops Auction Agent Website For Wells Fargo Corporate Trust Services
May 3, 2004Wells Fargo Online AuctionsSM will complement core bond trustee services Wells Fargo Bank, N.A. today announced the introduction of its new Auction Agent Services, featuring a new online auction site, Wells Fargo Online AuctionsSM. The new Website, developed by Wells Fargo in conjunction with Grant Street Group, is located at www.wfauctions.com and allows real time… Read more »
Woodbury County, Iowa Uses GFOA YieldAdvantage
March 30, 2004Woodbury County, Iowa solicited $401,000 in CDs using GFOA YieldAdvantage, a new Internet auction website offered by the Government Finance Officers Association. Traditionally, government entities and school districts solicit bids from banks via phone. Using the GFOA YieldAdvantage website, state and local governments are able to solicit bids easily and efficiently from a larger number… Read more »
Cook County, Illinois Uses GFOA YieldAdvantage
February 5, 2004Using an online auction platform for the first time, Cook County earned significantly better yields on the investment of its bond proceeds than it has in the past. The County placed $100 million in investments using GFOA YieldAdvantage, a new Internet auction website offered by the Government Finance Officers Association. Tom Glaser, chief financial officer… Read more »
Government Finance Officers Association Teams with Grant Street Group to Bring Money Market Investment Platform to Public Sector
December 4, 2003The Government Finance Officers Association (GFOA) today announced an alliance with Grant Street Group, a fixed income Internet auction house, to create GFOA YieldAdvantage, a real-time electronic marketplace for governments to invest their cash holdings. Historically, governments have sought several quotes from local banks before investing their cash. This is done via fax or over… Read more »