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.


Friday, February 6, 2015


8:45am – 9:45am EST


Fairmont Château Laurier, 1 Rideau Street, Ottawa


The report is available online at:

Find us online!

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


SOURCE Task Force 3 - Municipal Finance

For further information: Sarah Robinson (English),, 250-726-3794; Louis-Francois Brodeur (French),, 514-318-9614


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Task Force 3 - Municipal Finance

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