Wednesday, May 21, 2014

Municipal Financing Tools for Smart City Projects

The Smart Cities Council, an industry coalition to improve the livability, workability and sustainability of the world’s cities, recently announced the Smart Cities Financing Guide. This new resource helps cities understand the financing options available for investments in smart technologies. Developed for the Council by the Center for Urban Innovation at Arizona State University, the Financing Guide outlines 28 of the most promising financing tools for urban infrastructure enhancements, including some techniques that do not require any upfront money from a city. It “Knowledge of financial instruments and the processes to engage in sustainable financing of technologies is vital, yet few know how to navigate these complexities”offers criteria for evaluating financing options and allows city leaders to differentiate which approach is best for their project and community.

The Financing Guide is part of the Council’s premium resource library, which also includes the Smart Cities Readiness Guide that provides 27 best practices for launching a smart city initiative. Both Guides are available on the Smart Cities Council website for free, following a very brief registration.

Schneider Electric, which acquired Invensys in January 2014, is an Associate Partner of the Smart Cities Council.

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