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Cost Savings Top Benefit of Public-Private Partnerships
What are the benefits of public-private partnerships for both the public and private entities involved?
 

Kathy Thomas, Director, County of San Bernardino Redevelopment Agency
At the forefront of most public-private partnership (PPP) arrangements is the utilization of capital and intellectual resources from the public and private sectors. One of the biggest reasons for using PPPs is cost savings, mainly through improved management (cutting red tape), swift implementation, a reduction in staffing, access to specialized knowledge or technology from the private sector, and injection of private capital when there are insufficient public finances available.
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About the Author

Kathy Thomas, Director, County of San Bernardino Redevelopment Agency
As director of the County of San Bernardino Redevelopment Agency, Kathy Thomas oversees the long-range revitalization of five redevelopment project areas totaling more than 29,365 acres and manages a $74 million budget.

More articles by Kathy Thomas

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