FOR IMMEDIATE RELEASE
June 24, 2013
Media Contact: Ashleigh Wayland
O: 312-768-4764 / M: 703-582-2231
Enabling partnership provides the ability to efficiently study, design and implement comprehensive clean and sustainable technology projects
LAS VEGAS – Today, Mayor Greg Stanton (Phoenix, Ariz.), Mayor Mitch Landrieu (New Orleans, La.), Mayor Setti Warren (Newton, Mass.), Mayor Tim DeGeeter (Parma, Ohio) and Mayor Pete Buttigieg (South Bend, Ind.) announced their support for and their community’s potential relationship with The Sustainability Exchange (TSE). TSE is an innovative new partnership that enables municipalities to efficiently study, design and implement clean and sustainable technology projects in collaboration with technical, legal and financial experts.
Developed under the leadership of former Chicago Mayor Richard M. Daley, and informed by discussions with mayors nationwide, TSE unites cities in an innovative partnership for the adoption of best practices in sustainability and the delivery of measureable, data-driven results.
“Healthy cities require a partnership between government, the business community, and a vibrant non-profit sector. Cities around the world share similar challenges. Making our infrastructure more efficient and reliable, reducing operating costs and protecting our environment are goals we all share. Cities should not have to face that challenge alone. TSE is a resource that brings these groups together and helps cities with sustainability at every stage. By working together, cities are more effective,” said former Chicago Mayor Richard M. Daley, chairman of The Sustainability Exchange.
TSE is built to help municipal governments solve a daunting challenge: developing a more sustainable, modern infrastructure in a difficult budgetary and political environment. As many cities struggle with dedicating the time, expertise and resources necessary to evaluate and implement cutting-edge solutions, TSE will provide a dedicated bridge between complex private sector technological innovation and public sector needs.
“Cities are continually facing challenges in finding solutions to improve sustainability and efficiency,” Mayor Greg Stanton said. “As a Mayor who is deeply concerned about long-term sustainability I am always looking for ways to address Phoenix’s needs. The Sustainability Exchange is an exciting possibility which could offer a new approach. This is why I have instructed my Senior Policy Advisor for Sustainability to lead further discussions with The Sustainability Exchange. We are always searching for ways to improve Phoenix’s quality of life, and I am enthusiastic about the possibilities a collaboration with The Sustainability Exchange has to offer.
TSE will focus on four areas: energy efficiency, water and wastewater treatment, waste management, and public transportation. By sharing information among participating cities and leveraging guidance from academic institutions, think tanks and technology experts, TSE will help cities identify and implement best practices in these areas.
“The City of New Orleans is always working with a singular focus; to facilitate, link and leverage all available resources in order to increase efficiency and address our most pressing needs,” said Mayor Mitch Landrieu. “I am excited about The Sustainability Exchange and their commitment to engage mayors and cities in creating sustainable, creative solutions. This type of collaboration has great potential to provide innovative, intriguing and worthwhile opportunities for municipalities big and small.”
TSE’s internal structure will reflect its innovative approach to delivering sustainable solutions and its mission. TSE is a designated low-profit limited liability company, or L3C. An L3C combines aspects of traditional businesses with the mission-oriented, educational and social improvement purposes of TSE.
The structure allows foundations and other socially responsible and impact investors to support TSE’s operations though debt and equity investments, as well as grants. Through the L3C, TSE is able to dedicate resources, such as in-depth data analysis and best practices review, to cities at no initial cost and share information with cities nationwide.
“The L3C is the natural legal platform for TSE. It preserves the financial advantages and governance flexibility of the traditional limited liability company while placing social mission ahead of profits,” said Marc J. Lane, author of Illinois’ L3C law.
After analyzing cities’ data and operations, potential projects are identified. TSE will enhance local procurement processes by providing cities better information for adopting solutions – allowing cities to tell vendors what they need, rather than asking vendors what they can provide. TSE will help raise awareness among potential project vendors and financing partners across the nation, boosting competition among technology and service providers and financial institutions and creating a more efficient, less costly procurement process.
“It’s fitting that during Sustainability Month that we’d take another step in advancing our goal of making Newton a leader in environmental sustainability. I am proud to join with former Chicago Mayor Richard
M. Daley and the current mayors of a select group of cities including Phoenix, New Orleans, Parma and South Bend in launching The Sustainability Exchange (TSE). We’re proud of Newton’s record as a sustainability leader. But there’s always more we could be doing. TSE offers municipalities the opportunity to invest in proven clean and sustainable technologies without the considerable time and resources now necessary to get a project off the ground. As a mayor, I’m thrilled to connect with my colleagues across the country and work together to solve our shared sustainability challenges,” said Newton Mayor Setti Warren.
TSE’s Best Practice Partners will ensure that any project proposed by TSE reflects feedback of the best and brightest minds and most respected institutions in sustainability. TSE’s Independent Review Board will provide an additional layer of resources for participating cities. Comprised of experts in the fields of urban planning, sustainable infrastructure, emerging technology, public service and project finance, the Independent Review Board will review all recommendations to provide objective analysis, ensure projections are data-driven, and outline strict accountability.
“Cities across the country are trying to provide better services while saving taxpayer dollars. To meet that challenge, municipalities must find ways to operate more efficiently and effectively to improve the quality of life for residents. The Sustainability Exchange offers intriguing possibilities in meeting that challenge by working with cities to find creative approaches toward increasing sustainability efforts while reducing long-term costs,” said Mayor Tim DeGeeter, Parma, Ohio.
TSE’s ultimate goal is the wider adoption of sustainable practices by America’s cities and towns.
“I’m excited to begin working with The Sustainability Exchange. South Bend has made tremendous strides in adopting more sustainable practices and policies, and TSE offers us ways to do more for less. By connecting us with private sector experts and greatly reducing the cost and time it takes to undertake projects, TSE can help keep South Bend on the cutting edge of municipal sustainability. South Bend is already the economic engine of northern Indiana. Through our collaboration with TSE, South Bend has the opportunity to connect with businesses and entrepreneurs from across America and throughout the world,” said Mayor Pete Buttigieg.
***MEDIA NOTE: Can coordinate direct conversations with Mayors from participating cities.
About The Sustainability Exchange
The Sustainability Exchange (TSE) is a partnership that enables municipalities to efficiently study, design and implement clean and sustainable technology projects in collaboration with technical, legal and financial experts. By sharing information among participating cities and with guidance from academic institutions, think tanks and technology experts, TSE will help cities identify and implement best practices in energy efficiency, water, waste management, and transportation. TSE is a designated low-profit limited liability company, or L3C. An L3C combines aspects of traditional businesses with the mission-oriented, educational and social improvement purposes of TSE. Through the L3C, TSE is able to dedicate resources, such as in-depth data analysis and best practices review, to cities at no initial cost and share information with cities nationwide. TSE unites cities in innovative partnership for the adoption of best practices in sustainability and the delivery of measureable, data-driven results. TSE’s ultimate goal is giving every community in America the opportunity to invest in its own future by harnessing the benefits of proven clean and sustainable technologies. For more information visit, www.TSEcities.com.