How Columbus, Ohio parlayed $50 million into $500 million for a smart city transportation network

Story excerpt provided by TechRepublic.

Written by Teena Maddox.

Turning $50 million into $500 million is one of the greatest feats that Columbus, Ohio has ever accomplished.

In June 2016, the city of Columbus landed a much-coveted $40 million grant from the US Department of Transportation and $10 million from Vulcan Inc. as part of the federal Smart City Challenge. The city won the funding in large part because of the it’s close partnership with the Columbus business community. Columbus has already turned that original $50 million into half a billion dollars, thanks to an array of investments from the private sector, and more is expected.

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Originally published May 10, 2017.

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