October 27, 2009 By News Report
The U.S. Department of Treasury today announced the allocation of $2.2 billion in Clean Renewable Energy Bonds (CREBs) for 805 recipients. Funded by the Energy Improvement and Extension Act of 2008 and the American Recovery and Reinvestment Act of 2009, these energy bonds help government agencies, public power providers and cooperative electric companies obtain lower cost financing for clean energy development projects.
All over the country, community leaders are looking to boost economic development through various initiatives. One key element in many of those initiatives is the use of information technology. When local governments build IT infrastructure, create e-government applications, assist high-tech startups or otherwise focus on technology, they create conditions that draw businesses to their communities and help retain skilled workers. This paper discusses and provides examples of these various ways local government can use technology to ultimately make a community more attractive to businesses, visitors and residents.