Prop 4, a ballot initiative in California, passed with 57% of the vote.
The $10 billion bond will be used for potable water, sustainable agriculture, renewable energy, and flood resilience strategies.
The bond was supported by many of the state's biggest names in agribusiness and renewable energy.
A $475 million portion of the bond earmarked for renewable energy will be to construct staging and integration ports where offshore wind turbines are built.
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In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.