Bloomberg Philanthropies works primarily to advance five areas globally: the Arts, Education, the Environment, Government Innovation and Public Health.
Bloomberg Philanthropies and Living Cities’ Cities for Financial Empowerment (CFE) Fund today announced Financial Empowerment Center grants to five cities to replicate New York City’s evidence-based Financial Empowerment Center model. The model provides free, one-on-one financial counseling by trained professionals to low-income residents both at new local Financial Empowerment Centers and by integrating counseling into the delivery of municipal services.
Cities will compete for $5 million grand prize; Four runner-up cities to receive $1 million each. Prizes to fund implementation of ideas that solve major challenges and improve city life
Bloomberg Philanthropies today announced the 20 cities selected as finalists for the Mayors Challenge, a competition created to inspire American cities to generate innovative ideas that solve major challenges and improve city life – and that ultimately can be shared with other cities across the nation.
The ideas include an urban homesteading initiative that transfers foreclosed properties to community members who put the land into productive use, a citywide effort to close the word deficit of children born into low-income households, and an online system that streamlines city permitting processes in the way that online tax software streamlined filing personal taxes. The grand prize winning city will receive a $5 million prize, while four runner-up cities will receive $1 million each.
“The response to the Mayors Challenge was extraordinary. Bold and innovative ideas were submitted from every corner of the country. I’ve always believed that cities are America’s new laboratories of democracy and this competition provided clear proof of the talent and creativity in city halls from coast to coast,” said James Anderson , who directs the Government Innovation program at Bloomberg Philanthropies.
305 cities submitted their boldest ideas for consideration. The 20 finalists being named today are: Boston, MA; Chicago, IL; Cincinnati, OH; Durham, NC; High Point, NC; Hillsboro, OR; Houston, TX; Indianapolis, IN;Knoxville, TN; Lafayette, LA; Lexington, KY; Milwaukee, WI; Philadelphia, PA; Phoenix, AZ; Providence, RI; Saint Paul, MN; San Francisco, CA; Santa Monica, CA; Springfield, OR; and Syracuse, NY.
The 20 finalist ideas were rated on four key criteria: vision / creativity, ability to implement, potential for impact, potential for replication. A selection committee, co-chaired by Shona Brown , Senior Vice President and head of Google.org, and Ron Daniel , Bloomberg Philanthropies board member and Former Managing Partner at McKinsey & Company where he is still active, helped select the finalist cities.
The ideas from the 20 finalists highlight the diverse array of complex and common challenges facing cities:
Teams from each of these cities will attend Bloomberg Ideas Camp, a two-day gathering in New York City on November 12 and 13. City teams will work collaboratively to improve one another’s ideas and a range of innovation, program, and implementation experts will help the teams refine and strengthen their ideas to ensure the greatest impact. After Camp, finalists will receive individualized coaching to prepare their ideas for final submission in January 2013. Winners will be announced in spring 2013, with a total of $9 million going to five cities to jumpstart implementation.
“Bloomberg Philanthropies is focused on spreading good ideas among cities – and that’s what the Mayors Challenge is all about,” continued James Anderson . “Cities are powering critical solutions to our most pressing challenges and we’re honored to bring these 20 cities together at Ideas Camp as they work to make their great ideas even better.”
Mayors of U.S. cities with 30,000 residents or more were eligible to compete in the Mayors Challenge. 305 cities representing 45 states submitted applications by September 14.
The Mayors Challenge is the latest initiative of Bloomberg Philanthropies’ Mayors Project, which aims to spread proven and promising ideas among cities. Other Mayors Project investments include Cities of Service, Innovation Delivery Teams, and Financial Empowerment Centers.
In a combined effort to enable cities to help citizens reduce their debt and build their assets, Bloomberg Philanthropies and Living Cities today announced a $16.2 million initiative to spread the evidence-based Financial Empowerment Center model to cities across America.
Part of Bloomberg Philanthropies’ Mayors Project, this new three-year initiative will competitively award grants to five cities to provide free, professional, one-on-one financial counseling to low-income residents both at new Financial Empowerment Centers and by integrating counseling into the delivery of municipal services.
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