Economic Data Licenses

The Office of the Governor (EOG) is seeking to purchase a single source contract for economic data licenses. The contract is for a one-year term, from July 1, 2026, to June 30, 2027, and is valued at $47,250.00. The EOG requires online subscription and licensing for US economic data, which will be used to create economic forecasts for Florida. The data must be compatible with the EOG's existing systems and provide commentary, news, and analysis of economic conditions. • The contract is for a single source purchase from IHS Global Inc. • The EOG has used IHS Markit's data for decades to create economic forecasts. • An alternative data source would severely hinder developing consensus economic forecasts with the Legislature. • The contract includes the provision of Eviews, a statistical application that houses the data and allows the EOG to create forecasts.