Current:Home > StocksTradeEdge-Bloomberg Philanthropies launches $50 million fund to help cities tackle global issues -Quantum Capital Pro
TradeEdge-Bloomberg Philanthropies launches $50 million fund to help cities tackle global issues
EchoSense View
Date:2025-04-07 15:46:48
NEW YORK (AP) — Bloomberg Philanthropies unveiled a $50 million initiative Wednesday to help cities address global issues,TradeEdge including climate change, by launching programs proven effective in other cities around the world.
The Bloomberg Cities Ideas Exchange will give city governments grants for startup costs and technical support, as well as sponsor trips and webinars to inform leaders about new programs.
“Cities are a force for change on all of the big challenges we’re facing, and we’ve long worked to spread the best ideas globally,” Michael R. Bloomberg, founder of Bloomberg LP and Bloomberg Philanthropies, said in a statement. “This new Bloomberg Cities Idea Exchange will intensify and expand those efforts, bringing new muscle and rigor to the replication process.”
The new initiative, announced at the Bloomberg CityLab conference in Washington on Wednesday, formalizes a process that CityLab has used for years. As former mayor of New York City, Bloomberg knows the importance of seeking out ideas that other cities have already proven, said James Anderson, who leads Bloomberg Philanthropies’ Government Innovation Program.
“He understood the unique opportunity that city leaders have to drive progress locally, but also contribute to driving around global issues like climate change,” Anderson told The Associated Press in an interview. “We looked around and we understood very quickly that many city halls did not have the capacity they needed to find solutions and to implement them locally, to make them more ambitious and move their cities and the world forward.”
They decided that philanthropy could play an important role in helping cities launch innovative programs and then unlock further funding from governments or other donors, Anderson said.
The Bloomberg Cities Ideas Exchange builds on the success of programs like an environmental initiative in Lincoln, Nebraska, that turns wood waste into a charcoal-like material called biochar that reduces the amount of carbon dioxide released into the atmosphere.
In 2022, the city received a $400,000 grant from Bloomberg Philanthropies to launch the program and it has already made a difference in the city, said Lincoln Mayor Leirion Gaylor Baird. The biochar — which the city produces from trees blown down in storms or damaged by the emerald ash borer beetle — traps carbon, conserves water and improves the soil.
“We have ambitious climate action goals,” Gaylor Baird said. “And we’re looking for innovative solutions to help us sequester carbon and improve quality of life and also just deal with some of the impacts of changing weather patterns.”
Without the Bloomberg Philanthropies grant, Lincoln would not have been able to launch the biochar initiative so quickly, Gaylor Baird said. Or receive a $100,000 grant from the Nebraska Forest Service.
Mattias Gustafsson, co-founder of the consulting firm EcoTopic and the project manager of the Stockholm Biochar Initiative, which the Lincoln project is modeled after, said he is “proud and amazed” to see the idea replicated around the world. In the United States, Cincinnati and Minneapolis have also launched biochar projects, along with Helsinki, Darmstadt, Germany, Helsingborg, Sweden, and Sandnes, Norway – all with help from Bloomberg Philanthropies.
“Cities are really crucial for fighting climate change because they have a different angle coming in,” Gustafsson said. “Cities are not trying to make a profit. They are trying to do something good for their citizens.”
The Bloomberg Cities Ideas Exchange is designed to help cities in that effort, Anderson said. Numerous projects, highlighted by Bloomberg Philanthropies’ Global Mayors Challenge, have already been replicated by cities around the world.
The Providence Talks program in Rhode Island, which helps young children learn by increasing the number of words they hear each day, has been adopted by Birmingham, Alabama. The Visor Urbano program in Guadalajara, Mexico, which allows businesses to receive licenses completely online, has already expanded to 100 other cities in Mexico and will soon launch in other Latin American cities.
Anderson said that city officials receive so much real time feedback from their residents that they are always looking for new ideas to help them do their jobs better.
“They don’t spend as much time giving speeches and engaging in partisanship because they’re in the business of delivering services that people count on every single day,” he said. “There’s an accountability to residents to bring solutions that make a difference in their lives that are visible and measurable. And the cities understand that sometimes those ideas can come from entrepreneurs at hom and other times it’s great to steal those ideas from the city down the street.”
____
Associated Press coverage of philanthropy and nonprofits receives support through the AP’s collaboration with The Conversation US, with funding from Lilly Endowment Inc. The AP is solely responsible for this content. For all of AP’s philanthropy coverage, visit https://apnews.com/hub/philanthropy.
veryGood! (481)
Related
- Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
- 17 states sue EEOC over rule giving employees abortion accommodations in Pregnant Workers act
- A spacecraft captured images of spiders on the surface of Mars. Here's what they really are.
- Panthers owner David Tepper pays visit to bar with sign teasing his NFL draft strategy
- A South Texas lawmaker’s 15
- A New Federal Tool Could Help Cities Prepare for Scorching Summer Heat
- Authorities search for tech executives' teen child in California; no foul play suspected
- Solar panel plant coming to eastern North Carolina with 900 jobs
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Don't blame Falcons just yet for NFL draft bombshell pick of QB Michael Penix Jr.
Ranking
- 2 killed, 3 injured in shooting at makeshift club in Houston
- Kansas murder suspect uses wife's life insurance payout to buy a sex doll
- They say don’t leave valuables in parked cars in San Francisco. Rep. Adam Schiff didn’t listen
- Kirk Cousins reportedly stunned by Falcons pick after signing massive offseason contract
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Owner of exploding Michigan building arrested at airport while trying to leave US, authorities say
- American arrested in Turks and Caicos after ammo found in luggage out on bail, faces June court date
- Most drivers will pay $15 to enter busiest part of Manhattan starting June 30
Recommendation
Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
Athletes tied to Iowa gambling sting seek damages in civil lawsuit against state and investigators
TikTok could soon be sold. Here's how much it's worth and who could buy it.
Want a Marvin Harrison Jr. Arizona Cardinals jersey? You can't buy one. Here's why
NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
10-Year-Old Boy Calls 911 to Report Quadruple Murder-Suicide of His Entire Family
Mississippi lawmakers consider new school funding formula
Harvey Weinstein's conviction tossed in stunning reversal. What does it mean for #MeToo?