Media Advisory - Action Canada taskforce releases report on innovative finance for urban spaces and places

OTTAWA, Feb. 5, 2015 /CNW/ - On Friday, February 6, five Fellows in the Action Canada leadership development program will release a policy report on innovative finance for urban spaces and places. Action Canada's 2014-2015 theme focuses on Canadian cities.

Urban public spaces - such as streetscapes, parks, bike paths and green spaces - enhance a city's quality of life and competitiveness by attracting the skilled workers and investment that fuel economic growth. However, municipalities today face tight budgets. Attention to urban spaces and places often takes a backseat to traditional infrastructure needs such as roads, bridges, water and sewers. As a result, innovative finance mechanisms - such as crowdfunding, municipal bonds and community bonds - are emerging that are being used to fund the development of urban public spaces.

The policy report, Financing Future Communities: innovative finance for urban spaces and places, examines innovative finance mechanisms and makes recommendations to help governments and cities engage with these emerging tools. Its authors will deliver a one-hour presentation and are available for interviews. A continental breakfast will be served prior to the presentation at 8:15am.

Date:

Friday, February 6, 2015

Time:

8:45am – 9:45am EST

Location:

Fairmont Château Laurier, 1 Rideau Street, Ottawa

 

The report is available online at: http://www.actioncanada.ca/project/financing-future-communities-innovative-finance-urban-spaces-places/

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This session is one of three presentations being made on February 6, organized as part of the Action Canada Fellowship (www.actioncanada.ca).

 

SOURCE Task Force 3 - Municipal Finance

For further information: Sarah Robinson (English), sarah_robinson@actioncanada.ca, 250-726-3794; Louis-Francois Brodeur (French), louis-francois_brodeur@actioncanada.ca, 514-318-9614

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