The sustainability and livability benefits of smart cities are attracting the interest of more and more city leaders. But money is often the big roadblock. Read on to learn how you could get around it.
Financing and procurement tools
One expert characterizes today's municipal bond market as both secure and robust. But that doesn't mean there aren't attractive alternative financing tools available to help cities build smart infrastructure. Learn which ones experts consider the most promising.
Kicking off the Council’s Smart Cities Week in Washington, D.C., the White House on Monday announced a sweeping smart cities initiative that will invest more than $160 million in research and technology collaborations to help communities across the country tackle key challenges – from fighting crime to fostering economic growth.
Funding has always been a problem for emerging countries. A new financing platform called Convergence, which is supported by the Bill & Melinda Gates Foundation, MasterCard, The Rockefeller Foundation among others, promises to not only make it easier for developing areas to get help, but also for those with money to provide it.
For investments in smart technologies and expertise to be successful, it’s not just what cities buy, it's how they buy it. Click for procurement best practices cities can borrow from private industry -- plus examples of how public agencies are using innovative procurement strategies to lower costs.
The first Earth Day was celebrated 45 years ago on this date. Some say it launched the modern environmental movement. But what may help cities turn the Earth Day vision into a reality is a financing tool called “green bonds.”
With the big markets drying up for municipal bonds, Denver found the funding it needed from small investors – its own residents. Learn why "mini-bonds" may be the wave of the future for municipal finance.
The International City/County Management Association (ICMA) featured the Smart Cities Financial Guide in the July 2014 issue of its PM Magazine. Click for an excerpt and link to the full story.
A New York Times story suggesting Europe remains a step ahead of the U.S. in creating smart cities got a lot of media attention. But what's important is why Europe is out in front – and what cities in the U.S. and other parts of the world can learn from its success.
When cities and/or utilities encourage residents to adopt new technologies – say energy efficiency upgrades – there may be resistance for any number of reasons. In this excerpt from the Smart Cities Financing Guide, read how National Grid uses on-bill financing to get the job done.