“The City of Cambridge is pleased to announce that it intends to offer Cambridge residents the chance to invest directly in Cambridge infrastructure by purchasing minibonds. Minibonds enable residents to earn tax-exempt interest and invest for the future while supporting the Cambridge capital budget.”
Ryan KlausNews from the Neighborhood: February 3, 2017
“It is an overnight success 30 years in the making. As we see it, technology in government has reached an inflection point. With states and localities themselves spending nearly $100 billion annually on IT, the public sector has always been a massive consumer of technology and a major market for the companies serving them. But over the last several years there has been a fundamental shift in what was a surprisingly staid market.”
Ryan KlausNews from the Neighborhood: January 13, 2016
“Cities have “limits,” drawn to mark populations and bound services, but they are porous as scrim. Cars, cash, freight and natural resources flow readily between neighboring jurisdictions, following the market more than any lines on a map. ”
“The world as Americans know it has been built using funding raised through municipal bonds. Do you park in public lots? Fly out of airports? Ever driven across a bridge? Many of the things that we take for granted in our day to day lives illustrate the importance of funding from municipal bonds.”
“Social impact bonds hold extraordinary potential. They represent a more effective way to distribute grant dollars, catalyze investment in the nonprofit sector, unlock impact data, and foster greater transparency and accountability. For a nonprofit sector that to date has been shackled with an opaque and inefficient capital market, any of these benefits would be transformative.”
Preserving historic music venues, building new waterfront bike lanes, supporting affordable housing, creating new public green spaces and adding a new fire truck are among the exciting public projects that Neighborly is supporting in 2017 as a result of the Neighborly Bonds Challenge.