Results tagged as "progressmakers"

  • Preserving the Everglades for Future Generations

    By Michael Hole, Managing Director, Municipal Securities Division, Citi September 30, 2015 10:00 AM

    Growing up on the southwest coast of Florida in the town of Naples, the Everglades was practically my backyard. My father used to take me there fishing, and I have fond memories of being out on the boat with him, waiting for the fish to bite, and of all the wildlife we would encounter. It was a beautiful wilderness, yet at the time I had no idea how delicate this ecosystem was, or that the Everglades had already lost half its original expanse and was in danger of disappearing.

    Since the 1970s, the South Florida Water Management District has worked to protect the Everglades by funding and implementing a wide variety of restoration programs. In my role at Citi, I’ve helped this government agency obtain financing for several of its most important projects.

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  • Three Things Cities Should Do To Be Competitive

    By Ed Skyler, Executive Vice President, Global Public Affairs, Citi July 28, 2015 11:30 AM

    This post is adapted from Ed Skyler’s remarks at the New York Times 'Cities for Tomorrow' conference in New York on July 21, 2015.

    Image credit: Larry Busacca/Getty Images for The New York Times

    Citi has a unique interest in cities. Cities aren’t just in our name – they have been in our DNA since we opened our doors in Lower Manhattan over 200 years ago.

    Massive population and economic shifts are impacting cities. 100 million people are moving to cities every year and nearly 70% of the world’s population is expected to be urban by 2050. The top 100 cities in the world will generate 35% of global economic growth over the next 10 years.

    But when we talk about economic growth, we have to acknowledge that it won’t automatically be spread evenly across cities like peanut butter. It’s a competition and those cities that positon themselves for growth will emerge the strongest.

    We looked at this in a study we conducted with The Economist. There are key factors that make a city competitive, such as the strength of its government institutions, infrastructure, financial maturity, human capital and cultural institutions.

    Based on my experience in New York City government and now in the private sector, I think there are three key things cities should do to be more competitive.

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  • Cherishing the Past, Present and Future of African-American History

    By Dr. Khalil Gibran Muhammad, Director, Schomburg Center for Research in Black Culture July 20, 2015 01:15 PM

    To know the history of America is to understand our society’s journey towards freedom, democracy and progress. But we have had a mixed relationship, a contradictory relationship, with our own history, often shying away from ugly truths of this ongoing journey to make that democracy meaningful to everyone. There is no American history without black history.

    For almost one hundred years the Schomburg Center for Research in Black Culture -- a part of the New York Public Library system -- in Harlem has been a beacon of learning and engagement for black history, and a world-renowned research facility that houses the history and culture of people of African descent. We enable the next American generation to fulfill their capacity to be responsible democratic citizens, by preserving and communicating that history.

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  • Getting Students Back to School

    By Stanislav Martinec, Managing Director and Owner, KOMA Modular June 03, 2015 03:00 PM

    My company, KOMA Modular, manufactures mobile modular structures that can be used for a variety of purposes including housing, sanitary and public functions. These modular structures are factory built and can be quickly manufactured, transported and assembled, making them useful for many commercial situations as well as an important component of a successful disaster recovery plan.

    KOMA Modular was founded in the Czech Republic in 1992, and our first major project was building housing for Yugoslavian war refugees in Germany. KOMA Modular has grown exponentially in the following decades – we now produce modular structures for a variety of industries such as transportation, hospitality, and petroleum. However, helping communities in need, especially those dealing with the effects of natural disasters has always been central to our mission.

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  • Citi Partners with KOMA Modular to Build a Post-Earthquake School for 700 Children In Italy

    By Martin Vlasic, Senior Relationship Manager, Citi May 29, 2015 02:45 PM

    In April 2009, the earthquake that struck the town of L’Aquila, in central Italy, damaged buildings, homes and most devastatingly, the lives of thousands of individuals. Rebuilding the physical structures that were destroyed was the one of the first steps in bringing normalcy back to the lives of those affected.

    Shortly after the earthquake, the Italian government contacted Citi client KOMA Modular and asked for their help building an elementary school to serve the needs of local schoolchildren. After just six weeks of construction, the school opened its doors to 700 students who were able to return to their studies for the first time since the earthquake struck. This project is a wonderful example of the long-standing relationship between Citi and KOMA Modular.

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  • Lighting a Community

    By Odis Jones, CEO, Public Lighting Authority of Detroit May 19, 2015 04:30 PM

    Growing up on the east side of Detroit, my childhood was spent playing football in the street with friends and enjoying a close neighborhood. We knew all of our neighbors very well , could find all of our friends by the bicycles outside their houses, and we always needed to be home before the street lights came on. After attending public schools, (Lillibridge Elementary School, Joy Middle School and Osborn High School), I went on to Central Michigan University for my Bachelor of Science degree and then Western Michigan University for a Master of Public Administration degree.

    My career took me away from the city for nearly two decades - I worked in municipal economic development in cities across the United States, and saw first-hand the importance of the right financial partner to any complex project.

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  • Creating a New Home for History

    By Gina Nisbeth, Director, Citi Community Capital May 13, 2015 04:00 PM

    For most of us, there are only a few times in our careers when we have the opportunity to be a part of something bigger than ourselves—something way, way bigger than ourselves. That time came for me when I learned about the project to help renovate the Schomburg Center for Research in Black Culture in Harlem, New York.

    I grew up in Washington, D.C., in a family with deep connections to the African American story in the United States. From a very early age, I was familiar with work and mission of the Schomburg Center, and their status as a cultural icon for African Americans in this country. My parents often took me to visit as a child, and I have since taken my own children to the center. The Schomburg is a research center and cultural archive for black history, the Harlem Renaissance, and materials from the civil rights movement and the time that has followed.

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  • Wall Street Leaders Can Dare to be Different

    By Kate Oddo, Director of Debt Capital Markets, Toyota Financial Services and Karen Papazian, Director, Dealer Lending Operations, Toyota Financial Services April 10, 2015 12:00 PM

    Nine out of ten U.S. households own at least one car or truck, and affordable financing helps keep this American dream possible. Our job at Toyota Financial Services is to borrow large amounts of cash as economically as possible in the capital markets, so that we can offer low interest rates to Toyota customers and still make a profit.

    Our global scale gives us the opportunity to achieve this business goal while also influencing significant change in unexpected places - including Wall Street. We recently began a Diversity and Inclusion Bond Program, a first in that minority investment banking firms — including those run by service-disabled veterans, women, African-Americans and Hispanic-Americans — are taking the lead role in selling major corporate bonds to investors. Citi helped us bring this new concept to market.

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  • Using Data to Unveil the Mysteries of the Universe

    April 08, 2015 02:45 PM

    The universe is still largely a mystery. For decades, physicists at the have been studying matter to determine what the universe is made of and how it started. The world’s largest particle accelerator, the Large Hadron Collider (LHC), is used to stage Big Bang Theory-scale particle collisions, and creates over 600 million collisions per second. That is a lot of data that needs to be filtered, archived, and analyzed on a daily basis.

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  • Progress Makers in Africa: How KickStart International Lifts Farmers out of Poverty

    March 24, 2015 03:45 PM

    The crisis of poverty around the world impacts millions of people everyday. KickStart International, an organization founded in Kenya to enable poor rural farmers to create new viable businesses, leverages engineering, private sector distribution channels, donor funding, and a Citi line of credit to run their business.

    When Martin Fisher, co-founder and CEO of KickStart International, first went to Africa in 1985, he was just a young PhD engineer looking to make an impact. What he found instead was a frustration with many development models that do not do enough to lift people out of poverty. Fisher started to think about why.

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