This week on Upzoned, host Abby Kinney wades into a proposal for a new Philadelphia-based public bank, a financial institution being created to provide new loans with reduced cost of capital in marginalized neighborhoods. Along with co-host Charles Marohn, president and founder of Strong Towns, Abby examines the concept of public banks as presented in a podcast by the progressive non-profit media outlet, Next City.
Next City Executive Director Lucas Grindley and Senior Economics Correspondent Oscar Perry Abello ask whether the first public bank owned by a city can be a “systemic gamechanger for the racial wealth gap,” according to the group’s summary of the podcast. Derek Green, a Philadelphia city council member championing the city’s public bank, joins the Next City hosts to explain that loans to small businesses can be a source of jobs in economically stagnant “bank deserts.”
This could be a creative option if you're looking for creative financing solutions in your place and find that local Community Development Financial Insitutions (CDFIs) are too strapped to make loans. Nevertheless, it might make sense for public bank shareholders—aka local taxpayers—to be watchful.
Additional Show Notes“The First City To Launch Its Own Bank,” hosted by Lucas Grindley and Oscar Perry Abello, Next City (May 2022).
Abby Kinney (Twitter)
Charles Marohn (Twitter)
Theme Music by Kemet the Phantom.
We Have Plenty of Land in the United States. But Can All of It Support Housing?
The Paris of the Plains Can’t Afford Its Fountains Anymore
E-Bikes: The Frankenstein’s Monster of Transportation?
Professional Engineers: Speak Up. The Stakes Are Life and Death.
New York’s New Experiment in Fighting Gridlock
The ”Other Story” of Buffalo
Water Wars in the Modern Wild West
TxDOT Proposes to Dig a $1 Billion Infrastructure Grave in Downtown Dallas
State Preemption: A Means To Reform Zoning, or a Threat to Localism?
Looking for an Affordable Starter Home? HUD Suggests Trying a Manufactured Home.
NIMBY: Hero, Villain, or None of the Above?
Inflation or Lower Housing Values: Pick Your Cleanest Dirty Shirt?
Uber’s Bull Run Is Over, Says CEO
Corporate Investors Own Nearly Half of This City’s Residential Property
Are Cars Here to Stay?
Process Versus Visible Outcomes
Can We Build Strong Towns from Scratch in the 21st Century?
Who Should Be Able to Veto New Housing Production?
Our Fragile System Runs on Cheap Oil
Create your
podcast in
minutes
It is Free
Social Dallas Podcast
Der Große Neustart
Change Church Podcast
Giving Done Right
Nonprofits Are Messy: Lessons in Leadership | Fundraising | Board Development | Communications