$150,000 Grant for Public Investment Handbook by Anna P. Duff

By Anna P. Duff

Personal editor

07/06/2022 at 17:58

The James Irvine Foundation awarded a $150,000 grant to the Latinos & Society program at the Aspen Institute to bring nationally renowned consultant Bruce Katz to the city of San Bernardino to develop an investment playbook for the city.

An investment playbook is a tool designed to help the city prioritize transformational investments and match them with local, federal, state, private, and philanthropic funding opportunities. Investments can be in areas such as public infrastructure, housing and economic development.

The recent influx of federal and state funds has created an opportunity for cities to make transformational investments that can secure long-term, sustainable, and equitable growth. However, much of the funding comes from a wide range of different programs (e.g. block grants, tax incentives, formula grants, competitive grants) from different agencies, all of which have different application and funding requirements. report. Therefore, it is imperative that cities organize themselves to make the most of these opportunities.

“Having someone with the knowledge and expertise of Bruce Katz come to San Bernardino to analyze our needs, identify sources of funding and provide strategic advice is an opportunity that most cities don’t have,” said City Manager Robert Field. “We can’t wait to get started.”

Bruce Katz is an urban policy expert, author and co-founder of New Localism Associates. He is currently Director of the Nowak Metro Finance Lab at Drexel University, having previously served as Vice President of the Brookings Institution and Chief of Staff to US Secretary of Housing and Urban Development Henry Cisneros. Katz advises federal, state, and local leaders on changing demographic and market trends as well as policies essential to metropolitan prosperity.

“Cities across the country are emerging from the pandemic with a renewed focus on how strategic investments can catalyze inclusive growth,” Katz said. “San Bernardino has a tremendous opportunity to deploy public investment in smart ways that attract private, philanthropic and civic capital for transformative results.”

The City of San Bernardino, along with key stakeholders, is currently working with the Aspen Institute’s Latinos & Society program as part of its City Learning and Action Lab. This initiative aims to help six Latino-majority communities — San Bernardino, Chicago, Phoenix, Miami, El Paso and San Antonio — spur economic growth in places where COVID-19 has exacerbated long-standing inequalities.

“San Bernardino, with its predominantly Latino community, is ready for a project that connects the dots between different sources of capital to spur growth, fight inequality and realize the city’s full economic potential,” said Domenika Lynch, executive director of the Aspen Institute. Latinos and society program. “Aspen Institute Latinos and Society is thrilled to partner with Bruce Katz and his team to drive economic prosperity for the region and its citizens.”

The Aspen Institute is a global nonprofit organization based in Washington, DC, committed to achieving a free, just, and equitable society. Founded in 1949, the Institute drives change through dialogue, leadership, and action to help solve the most important challenges facing the United States and the world. Since 2015, Aspen’s Latinos and Society program has provided a nonpartisan, unbiased platform for shared learning about the critical barriers preventing greater Latino success, and develops new, innovative and actionable solutions for a more prosperous future for all Americans. The James Irvine Foundation is a philanthropic organization based in San Francisco. The Foundation’s grantmaking focuses on a California where all low-income workers have the power to advance economically.

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