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Rinascimento Program: €30 million for Bergamo’s post-COVID relaunch

Rinascimento Program: €30 million for Bergamo’s post-COVID relaunch

To help one of Italy’s hardest-hit areas by COVID-19, the Bergamo Municipality and Intesa Sanpaolo have launched the Rinascimento Program,  which translates as the “Rebirth Program”. The initiative, with €30 million made available by the Bank, was presented today by the Mayor of Bergamo, Giorgio Gori, and Intesa Sanpaolo’s CEO, Carlo Messina.

We are honored that Intesa Sanpaolo has chosen Bergamo to experiment with this unprecedented and innovative form of cooperation between Local Government and a Financial Institution – that will then be extended to other areas – and we will make every effort to ensure that it fully benefits our community.

 

Giorgio Gori, Mayor of Bergamo

The Rinascimento Program born thanks to the generous contribution of Intesa Sanpaolo is an extraordinary form of support and assistance for our City’s economic ecosystem.

 

Giorgio Gori, Mayor of Bergamo

One of the initiatives agreed with the Bergamo Municipality is the first-time use of impact loans, a highly-innovative tool even at the international level. These loans offer extended repayment terms and provide resources dedicated to businesses with high social impact on the Bergamo-area business ecosystem, whose acclaimed industriousness will serve as an extra boost to restarting the Country.

 

Carlo Messina, CEO of Intesa Sanpaolo

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