CHERRY HILL, N.J., Dec. 17, 2013 /PRNewswire/ -- Local cities and municipalities play a crucial role in greening the economy, according to a report released today by TD Economics ( www.td.com/economics), an affiliate of TD Bank, America's Most Convenient Bank®. By creating a bottom-up framework for consumers, businesses and government to improve environmental performance cities are also able to create jobs, improve living conditions and foster economic growth.
The report, titled "The Greening of New York City: Lessons from the Big Apple," cites New York City ( NYC) as an example of how municipal policy-makers are able to green the overall economy by incorporating environmental elements into urban development strategies.
According to the report, integrating environmental elements into solutions for urban development issues has multiple benefits. Improved environmental conditions can increase property values, create jobs, improve public health and enhance the quality of life. NYC specifically has demonstrated that by combining regulatory, financial and infrastructure policies, city officials can create conditions that will naturally motivate the greening of the economy."Local municipalities are at a unique advantage to develop tailored policy that is both good for the environment and the economy," said Craig Alexander, SVP and Chief Economist at TD, who authored the report. "These policies create a range of opportunities. Businesses, consumers and government can engage the traditional market place to green the economy and create a cleaner, brighter world for current and future generations." To view the full report, please visit: http://www.td.com/document/PDF/economics/special/GreeningofNYC.pdf To learn more about TD Bank, America's Most Convenient Bank, stop by a store, visit us at www.tdbank.com, find us on Facebook at www.facebook.com/TDMoneyLoungeUS or on Twitter at www.twitter.com/TDBank_US. About TD Bank , America 's Most Convenient Bank ® TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 8 million customers with a full range of retail, small business and commercial banking products and services at approximately 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth ®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J. To learn more, visit www.tdbank.com. Find TD Bank on Facebook at www.facebook.com/TDBank and on Twitter at www.twitter.com/TDBank_US. TD Bank, America's Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol "TD." To learn more, visit www.td.com. Media Contact: Lauren MoyerOffice: 856-533-4582 Lauren.Moyer@td.com SOURCE TD Economics