What is a Public Private Partnership?
A Public-Private Partnership occurs anytime a National Government, State Government, or Local Government partners with a private company to provide goods or services to the community.
Public-private partnerships involve collaboration between a government agency and a private-sector company that can be used to finance, build, and operate projects, such as public transportation networks, parks, and convention centers. Financing a project through a public-private partnership can allow a project to be completed sooner or make it a possibility in the first place.
There are significant opportunities for well-established private companies to drive revenue by participating in P3 collaborations.
Strategic Partnerships is a Government Procurement Consulting Firm that Helps Guide Private Companies in The “P3” Process
Strategic Partnerships, Inc. (SPI), long recognized as a pioneer in the business of partnering public and private entities for commercial purposes, is now leading the way in the rapidly expanding arena of public-private partnerships (P3s).
Why do we Need Public-Private Partnerships?
In the 21st century, rising needs and shrinking revenues are forcing policymakers to find a new approach to deliver the services people expect and deserve.
From city parking garages to state pension fund management, public-private partnerships (P3) are revolutionizing how services can be delivered more efficiently and effectively, and how innovation and collaboration can reinvent government and reinvigorate our economy.
Watch Mary Scott Nabers host a P3 Panel at the 2018 P3C Conference