Stories from the Field

The innovation ‘factory’ helping a small city punch above its weight

When Claudio Castro was elected mayor of Renca, Chile, he knew his team would need additional resources to take on the small city's biggest challenges. So he decided to start something new called La Fábrica, or the Factory. At its core, it's an external team dedicated to securing and deploying private capital in service of mayoral priorities. Here are some of the key lessons coming out of this work.