Private Capital for Green Infrastructure
Webinar: September 27, 1 – 2pm EST
Communities continue to face significant challenges managing urban stormwater to reduce local and regional water quality impairments and flooding. A significant barrier for green infrastructure adoption and upgrading existing stormwater systems is a lack of funding. With limited public budgets, future stormwater strategies must create incentives and leverage private sector financing or capital to promote and implement green stormwater infrastructure adoption. Working in two differently situated Great Lakes cities, a partnership of American Rivers, Corona Environmental Consulting, and the Water Environment Federation are collaborating with local agency and municipal partners in Grand Rapids, Michigan and Cleveland, Ohio to roll out green infrastructure funding strategies that will optimize public revenues, leverage private sector financing, and accelerate project delivery. This presentation will discuss the background, history and context that led these agencies to consider a stormwater volumetric trading program, targeted grant programs and private sector capital as a means to address stormwater issues; an overview of stormwater exchange markets, using Grand Rapids, Michigan as a case study; and explore the various approaches to optimize grant programs, building off the partnership with the Northeast Ohio Regional Sewer District (NEORSD).