It’s hard to think big enough or fast enough when it comes to responses to the economic fallout of the coronavirus pandemic.
Naturevest is working with 20 island nations on similar deals to refinance their debt and use the savings for marine protection.
That the fund went “from conception to announcement to disbursement within less than two weeks is a sign of what is possible when everyone acts with a sense of urgency and mutual trust,” says Bugg-Levine, who has led NFF since 2011.
“Cities who have taken a resilience approach are better prepared,” says Global Resilient Cities Network’s Lauren Sorkin.
The grassroots response is moving quickly to bridge gaps as Congress haggles over a relief package that could take weeks to reach families and businesses.
Without fast and targeted action, we could face a “Main Street bloodbath that...will very soon decimate local economies across the country for a long time,” warn New Localism Advisors’ Bruce Katz, Blueprint Local’s Ross Baird and The Governance Project’s Colin Higgins.
Since the 1980’s, Chicago investors have made at least $10 billion in impact investments.