Bloomberg Philanthropies made our list of most interesting foundations in 2014 because of its wide range of huge gifts, signaling ways the foundation may be forging new giving paths in Michael Bloomberg’s first year outside of the mayor’s office. But there’s one interesting initiative at BP we haven’t talked about much, one that’s been getting big funding and spreading to new areas: Bloomberg’s Innovation Teams.

This initiative is mainly associated with Mike Bloomberg’s wonky obsession with making government more efficient. But it also offers insights into how one of America’s top funders aims to foster economic growth and job creation in U.S. cities, a challenge which has cofounded many foundations and yet is attracting new energy amid a growing focus on urban renewal.

via Who’s Empowering Wonks to Fuel Economic Growth in American Cities? – Inside Philanthropy: Fundraising Intelligence – Inside Philanthropy.