Former New York City mayor Michael Bloomberg, a billionaire known for his activism on climate change and gun safety, said he had no grand scheme to become involved in hurricane recovery in the Caribbean.
But what started off as an effort to provide quick emergency assistance in the U.S. Virgin Islands, where his Bloomberg L.P., co-founder Tom Secunda has a home, has turned into a new kind of project for Bloomberg and his key aides, putting them at Ground Zero of efforts to rebuild the tiny U.S. territory.
And there's a chance it could grow into a Bloomberg specialty as coastal communities and islands like these cope with increasingly extreme weather.