Councilmember Derek Green: Public Banking Boosts Disadvantaged Businesses
Idea Category: Equity & Opportunity, Jobs and Entrepreneurship
In Philadelphia, NewDEAL Leader Councilmember Derek Green has been working for years on an innovative proposal to establish a city-run public bank in his city. In December, his proposal to establish the Philadelphia Public Finance Authority finally won committee approval and is set to be brought before the full Council early this year. If approved, the bank would elevate women and minority-owned businesses by making it easier for them to secure a loan and reducing racial disparities in business ownership. Read more about Councilmember Green’s proposal here, which took finalist honors in last year’s NewDEAL Ideas Challenge.
More Idea’s From Derek Green
Establishing a Public Bank in the City of Philadelphia
Idea Category: Equity & Opportunity, Jobs and Entrepreneurship | Funding Source: ARP
Ohio Representative Dontavius Jarrell Introduces Bill to Establish Pipeline to Higher Education for Students in Foster Care
This week, Ohio Representative Dontavius Jarrells introduced HB-25 – a bipartisan bill that seeks to...
Phoenix Mayor Kate Gallego Announces the Launch of a New Startup Accelerator
Phoenix Mayor Kate Gallego joined with area business leaders to announce the launch of a...
