Bloomberg Philanthropies, Bill & Melinda Gates Foundation, and Ballmer Group Announce Joint Project to Increase Economic Mobility in Local Communities
Bloomberg Philanthropies, the Bill & Melinda Gates Foundation, and Ballmer Group announced today a new $12 million project that will help communities analyze economic mobility in American cities and develop interventions that can increase residents' economic progress. The project will work to identify barriers to economic mobility, understand the impact of potential interventions, and share what works.
"Today, economic mobility is top-of-mind for city leaders around the country," said Patti Harris, CEO of Bloomberg Philanthropies. "Through this new partnership, we will follow the data to help communities develop approaches that have the potential to increase opportunity and improve residents' lives."
Ten American cities will work closely with a team of advisors from What Works Cities, a Bloomberg Philanthropies initiative that helps cities confront urgent challenges through data and evidence based decision-making. The project will engage local leaders and residents to build on best practices in data-driven governance to help cities measure the scope of the issue and then develop, test, and share evidence-based approaches to increasing economic mobility for residents...