Note: This is a summary of one of the stories from the latest webcast of The NonProfit Times TV.
In an effort to help NYC nonprofits get low cost, tax-exempt financing, Mayor Michael Bloomberg is starting a new agency. Called the New York City Industrial Development Agency (NYCIDA), it previously issued tax-exempt bond financing for nonprofits capital projects. But since January 2008, it hasn’t been able to deliver such financing because of a change in the law. Under its new form, NYCIDA will provide financing to help NYC nonprofits expand or upgrade their facilities.
The new agency is sure to be a welcome addition to nonprofits in the Big Apple, many who have gotten the their funding from other states. According to the Mayor’s Office, more than a dozen groups have gotten out-of-state funding, totaling more than $337 million since June 2009.
Showing posts with label Michael Bloomberg. Show all posts
Showing posts with label Michael Bloomberg. Show all posts
Wednesday, June 29, 2011
Thursday, April 14, 2011
Clinton and Bloomberg Join Forces to Fight Climate Change
Note: This is a summary/reaction to a news story from an outside news organization. Please follow the links in this post if you want to read the original article.
Two political juggernauts are joining forces in an effort to fight climate change.
DNAInfo.com reported on yesterday's press conference by ex-president Bill Clinton and NYC Mayor Bloomberg, where the two announced that C40 Cities Climate Leadership Group, a nonprofit that Bloomberg was elected as chair last year, will be merging with the Clinton Climate Initiative. At the press conference, Clinton said that he thought that this merger gave them a chance to really make a difference in the battle to stem the tide of climate change. He added that a key to their success would be convincing people that what's good for the environment is also good for business.
It seems natural that New York City would be a major player in the climate change arena. As Bloomberg noted at the press conference, cities are responsible for over 80% of the world's green gases. Thus, he says, cities like New York have a major responsibility to take the lead in this fight..
With the political clout these two men hold, it would appear that this new organization should be destined for success. But as we saw with Demi Moore and Ashton Kutcher yesterday, star power doesn't always equal results.
Two political juggernauts are joining forces in an effort to fight climate change.
DNAInfo.com reported on yesterday's press conference by ex-president Bill Clinton and NYC Mayor Bloomberg, where the two announced that C40 Cities Climate Leadership Group, a nonprofit that Bloomberg was elected as chair last year, will be merging with the Clinton Climate Initiative. At the press conference, Clinton said that he thought that this merger gave them a chance to really make a difference in the battle to stem the tide of climate change. He added that a key to their success would be convincing people that what's good for the environment is also good for business.
It seems natural that New York City would be a major player in the climate change arena. As Bloomberg noted at the press conference, cities are responsible for over 80% of the world's green gases. Thus, he says, cities like New York have a major responsibility to take the lead in this fight..
With the political clout these two men hold, it would appear that this new organization should be destined for success. But as we saw with Demi Moore and Ashton Kutcher yesterday, star power doesn't always equal results.
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