Grand Rapids, MI - The state of Michigan, like all states during Covid, encountered a serious revenue shortage. With an excessive collections backlog of unpaid parking tickets, hundreds of thousands of dollars of critically needed revenue remained outstanding. EOS USA and the state partnered to create a working agreement to capture this vital unpaid parking ticket revenue.
One of the first districts to come on board was Kent County. In just the first month, EOS USA brought in $280,000. Prior to the partnership, the city had been averaging approximately $122,000 per month in paid parking fines. That’s an incremental $160,000 that’s going into the city's revenue coffers.
“Our efforts to recoup the $2 million in revenue that is outstanding is going to be a huge boost to their revenues,” said Gary Fine, Senior Vice President. of Sales for EOS USA. “I don’t know of any city that can’t use extra revenue right now, especially emerging from the prior 15 months of the pandemic. In these turbulent economic times, that money collected can solve a lot of problems.
EOS USA employs unique technologies and tactics towards collecting outstanding debts where many municipalities are not resourced to collect efficiently. “What we are doing is 100% consumer focused, continued Fine. “We have a different approach than most other companies and what’s exciting about working with Grand Rapids is that they get to see instant results. Because we are debt resolution specialists, we are able to get up to speed incredibly quick and recover revenues for our clients at with minimal ramp up time.
Grand Rapids Channel 8 News covered EOS USA partnership with the City of Grand Rapids. Click here to watch the video.