|By Business Wire||
|October 2, 2012 05:15 PM EDT||
Former Pennsylvania Governor Edward G. Rendell has joined the Advisory Board of Verdeva, Inc., a technology start-up focusing on market-based solutions addressing critical issues including transportation financing, efficient vehicle incentives, and municipal fiscal challenges.
Verdeva CEO Kevin Condon said, “Governor Rendell is well known for his leading role advocating investing in our nation’s infrastructure, and advocating smart environmental policies. As mayor of Philadelphia he restored fiscal health to the city. As governor, he was known for exploring innovative solutions to transportation financing.. Verdeva is fortunate to be advised by a leader with deep insight into each of these national challenges.”
Governor Rendell said “I’m honored to be part of an organization that’s focused on meeting the challenges America faces on the infrastructure front, and that is dedicated to providing new solutions that involve intelligent environmental policies as well.”
After 34 years of public service, including 24 years as an elected official, Governor Rendell continues to pursue issues he was passionate about while serving -- making America a cleaner, more efficient place and fostering investment in America’s crumbling infrastructure. Rendell is a champion in the area of alternative energy, and serves as a consultant or board member for several green firms. He remains involved in the campaign for government efficiency and strategic cost cutting, working with entities such as Government Sourcing Solutions, Public Financial Management and Greenhill Advisors.
Perhaps no other issue has been and continues to be as important to Governor Rendell as America's need to reinvest in its infrastructure. As Governor, Rendell worked with Mayor Michael Bloomberg and Governor Arnold Schwarzenegger to create an organization called "Building America's Future”, to focus on the need for a more significant investment in American infrastructure to ensure that America remains a global economic power. Governor Rendell currently serves as Co-Chair of the organization and travels throughout the country speaking about this issue.
Verdeva offers a market-based solution Efficient Vehicle AssessorTM (EVA), software installed at gasoline pumps, giving government a range of policy choices, making EVA a key instrument in addressing multiple priorities:
- Sustainable transportation funding without tracking vehicles or invading privacy – an alternative to VMT;
- Environmental - Reduce carbon emissions by rewarding efficient vehicles;
- Fiscal crisis in state and local government, capturing billions in revenues lost to scofflaws.