At RNN we talk a lot about good policy. Sometimes that is government initiated; sometimes it is on a public/private front. Either way, as we’ve seen many times, good policy will become a platform for collaboration, investment, and growth.
Today’s guest, Jeffrey Diehl, Executive Director and CEO of Rhode Island Infrastructure Bank, and his organization thrive under the umbrella of regulatory innovation. Starting off in RI as the Clean Water Finance Agency, the RIIB has grown from a micro concentration on water improvements to helping fund tremendous overall success in the State. Jeff and his team now finance efficiency gains, renewables, restoring brown fields into economic centers and they offer valuable financing to cities and towns to rebuild their core.
Money breathes life into projects. Those projects reinvigorate commercial markets and entire communities. From the core of recycling gray water, into better bridges, roads, waste-to-energy facilities to great programs around helping companies cut costs and reinvest capital, these are the building blocks of smart commerce. All of this progress, of course, takes hard work, collaboration…such as you will hear from Jeff, a relationship with EPA–great design and quick, not painstaking, execution. Jeff’s background as a global investment banker fits perfectly with an agency entrusted with public debt and equity funds. His skill of evaluating good projects and getting them the seeds to make it work is a skill we all need. Even on a personal level.
This story and interview excites us. Here are the fundamentals, the foundation, of radically scripting a new world of the living and working. A financial world that benefits all, including the planet. RIIB has delivered to the State of RI and its people huge returns on better facilities, resources, jobs and a bright future for maintaining momentum. How will you, your company, your community diversify and expand? Here’s one very proven formula.