MAYOR PAUL YOUNG ANNOUNCES MEMPHIS SELECTED FOR BLOOMBERG

MAYOR PAUL YOUNG ANNOUNCES MEMPHIS SELECTED FOR BLOOMBERG

AMERICAN SUSTAINABLE CITIES

Memphis. Marzo 12, 2024  Mayor Paul Young announced Bloomberg Philanthropies selected Memphis as one of 25 U.S. cities to join Bloomberg American Sustainable Cities. Bloomberg American Sustainable Cities is a three-year initiative designed to leverage historic levels of federal funding to incubate and implement transformative local solutions to build low-carbon, resilient, and economically thriving communities. Building on the longtime leadership of U.S. cities to confront the overlapping crises of climate change and racial wealth inequity, the $200 million Bloomberg Philanthropies initiative will provide deep support to selected cities to pursue transformative solutions in the buildings and transportation sectors through partnerships with PolicyLink, Bloomberg Center for Public Innovation at Johns Hopkins University, and Natural Resources Defense Council.

By participating in Bloomberg American Sustainable Cities, Memphis will receive a Bloomberg Philanthropies-funded innovation team (i-team), with up to three dedicated staff with expertise in data analysis, insight development, human-centered design, systems thinking, and project management to bolster city capacity in driving progress on climate mitigation and promoting equitable outcomes. Memphis will also receive multi-year, in-depth, customized policy and technical assistance in collaboration with community-based organizations to mobilize public, private, and philanthropic investments.

“We are honored to be selected as one of the participants in the Bloomberg American Sustainable Cities initiative,” said Paul Young, Mayor of Memphis. “With this support, we have a unique opportunity to make the most of federal funding to build a better Memphis – advancing sustainable and affordable housing, reducing emissions, and making our city more resilient than ever before.” 

Bloomberg Philanthropies chose Memphis for Bloomberg American Sustainable Cities based on its leadership and ambition to build resilient, equitable communities. Despite facing significant vulnerabilities regarding poverty and wealth disparities in BiPoc communities, Mayor Young is committed to advancing community prosperity and economic development. 

With over $400 billion in federal funding available to local governments through the Bipartisan Infrastructure Law and Inflation Reduction Act, Bloomberg American Sustainable Cities aims to help cities access and implement the historic funding for critical local projects, especially in disadvantaged communities historically overburdened by pollution. Anticipated solutions implemented through the Bloomberg American Sustainable Cities could include developing affordable, energy-efficient housing, investing in electric vehicles and infrastructure, accelerating the transition, and expanding access to clean energy. 

Bloomberg American Sustainable Cities is the newest Bloomberg Philanthropies initiative to support local climate action in the United States. In 2019, Bloomberg Philanthropies launched the American Cities Climate Challenge to provide resources and support to 25 of the largest U.S. cities to scale proven high-impact urban climate solutions in the buildings and transportation sectors. With Bloomberg Philanthropies’ support, the 25 Climate Challenge cities passed 54 major buildings, energy, and transportation policies and launched 71 new climate programs and initiatives, which are projected to reduce 74 million metric tons of carbon emissions through 2030. In 2022, Bloomberg Philanthropies galvanized a consortium of nonprofit and expert groups to establish the Local Infrastructure Hub, a national program providing more than 1,200 municipalities with pro-bono expertise to navigate historic funding opportunities made available through the Bipartisan Infrastructure Law and Inflation Reduction Act, develop competitive grant applications, and bring investment home to address essential infrastructure needs. To date, participating municipalities have already been awarded more than $1 billion in federal funding. 

For more information, contact Penelope Huston at [email protected] or Arlenia Cole at [email protected]

About Bloomberg Philanthropies

Bloomberg Philanthropies invests in 700 cities and 150 countries around the world to ensure better, longer lives for the greatest number of people. The organization focuses on creating lasting change in five key areas: the Arts, Education, Environment, Government Innovation, and Public Health. Bloomberg Philanthropies encompasses all of Michael R. Bloomberg’s giving, including his foundation, corporate, and personal philanthropy as well as Bloomberg Associates, a philanthropic consultancy that advises cities around the world. In 2023, Bloomberg Philanthropies distributed $3 billion. For more information, please visit bloomberg.org, sign up for our newsletter, or follow us on Instagram, LinkedIn, YouTube, Threads, Facebook, and X.  

Media Contact: Marshall Cohen; [email protected]

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