Cary, N.C., Tests Smart Technology in Its 'Living Lab' City Campus
Digital Business, Public Sector, Smart and Connected Communities, Cloud
Source: Government Technology
Cary, N.C., is testing smart parking sensors with the Cisco Kinetic for Cities platform on its city hall campus to see how they work. For other cities who need financing to jump start into a smart city Cisco introduces a new financing program called City Infrastructure Financing Acceleration. The company has $1 billion set aside in debt and equity financing, offered through the subsidiary Cisco Capital.“What this does is it just makes it easier, it makes it faster and more affordable for a city to adopt these technologies,” says U.S Public Sector Senior Vice President Larry Payne.