This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

IBM Awards Cities and Regions With Grants to Fund Collaborations With IBM Problem Solvers

ARMONK, N.Y., March 25, 2014 /PRNewswire/ -- IBM (NYSE: IBM) will be helping at least 16 cities and counties around the world this year to address issues ranging from clean water, healthy food, and revenue generation, to job development, efficient transportation, and public safety.

IBM Corporation logo

To that end, IBM today named recipients of its Smarter Cities Challenge for 2014, a competitive grant program that sends teams of some of IBM's most talented experts to select cities and regions worldwide to provide expertise on the most critical issues faced by communities today.

For these pro bono consultative engagements, IBM teams invest months studying a local issue chosen by a winning municipality.  They then spend three weeks on the ground in the region gathering and analyzing all relevant data and reports, while meeting in person with dozens of members of the government, citizen, business, and not-for-profit communities. In doing so, they gather diverse perspectives about the factors involved and potential solutions to the opportunity at hand. At the conclusion of these studies, IBM presents comprehensive recommendations for addressing the issue in line with recognized "best practices." This is followed weeks later by a more detailed, written plan for its implementation.  

Smarter Cities Challenge was originally conceived in 2011 as a three-year grant program, but highly positive feedback and significant results have encouraged IBM to extend the initiative. In its first three years, IBM's Smarter Cities Challenge deployed 600 experts on six-person teams that provided strategic and practical advice to 100 municipalities. These highly prized three-week engagements, each currently valued at USD $500,000, have helped local government address key challenges.

Given that effective local governance today relies on the coordination of multiple municipalities, IBM made regional governments eligible for the grant program this year, not just cities. With the previous participation of 100 cities, the Smarter Cities Challenge program now also offers winning municipalities access to fellow leaders with whom to consult on similar issues, so as to share strategies that have been effective elsewhere. 

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs