Mayor Byron W. Brown of Buffalo, N.Y. announced during his 14th State of the City address that Buffalo will launch the largest Environmental Impact Bond (EIB) in the country at $30 million. The funds from this investment will allow the City of Buffalo and BuffaloRead More

By Michael Curley The public finance industry is not well known for breathtaking innovations nor spontaneous breakthroughs. But in the past three years a truly innovative development has occurred: Environmental Impact Bonds (EIBs). In 2008, the World Bank issued what it called a “green bond.”Read More

The P3Great Lakes Initiative is seeking municipalities from the Great Lakes basin states — Minnesota, Wisconsin, Illinois, Indiana, Michigan, Ohio Pennsylvania and New York — to finance green stormwater infrastructure via an Environmental Impact Bond (EIB). According to P3Great Lakes, the EIB is a financing tool that uses a “PayRead More

How Are They Affecting Green Infrastructure? Across the nation, countless cities with antiquated sewer and stormwater systems are under orders from the U.S. Environmental Protection Agency (EPA) to reduce stormwater runoff to decrease the amount of pollution entering local waterways. When Washington, D.C., faced thisRead More

Quantified Ventures, an impact investment firm, and Neighborly, a mission-oriented broker dealer, recently announced the issuance of the first impact bond to be offered on the public markets. The $14 million Environmental Impact Bond (EIB) gives the City of Atlanta Department of Watershed Management (DWM),Read More

Could the ‘Pay for Success’ Model of Environmental Impact Bonds Be the Future of Water Infrastructure Financing? By Eric Letsinger My wife and I have typically shied away from hobbies that could put me in a position of having to fix things that might break —Read More