Gartner Research

Smart City Funding Models: It’s Time to Be Creative

Published: 26 March 2019

ID: G00380634

Analyst(s): Bill Finnerty, Bettina Tratz-Ryan

Summary

The drive to be a smart city is in the forefront of many city leaders’ minds, but funding such initiatives is a challenge. CIOs need to ensure that smart city governance processes consider balanced, multifaceted funding options, including public and private monies, to achieve their objectives.

Table Of Contents

Analysis

  • Smart City Initiatives — Command and Control vs. Influence
  • Find Existing Funds That Can Be Redirected for Smart City Initiatives by Using Funds From Cost Optimization Efforts, Unused Grant Funds, Infrastructure Funds and Innovation Investment Funds
  • Leverage Public-Private Partnerships to Fund Smart Cities by Identifying Opportunities for Cost-Savings Sharing, Profit Sharing and Risk Sharing
  • Identify Opportunities to Fund Smart City Initiatives Through Nonprofit and Private-Sector Investment and Management by Identifying Common Goals and Developing Collaborations

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