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.
A Downtown Baseball Stadium in KC: Who Pays?
CDOT‘s Proposal for Transit-Induced Pollution
Let‘s Talk Great Streets
American Cities, Through European Eyes (and Vice Versa)
We Cannot Rely on Large-Scale Development
You Need to Know About Walla Walla, Washington
The Reconnecting Communities Act: What Was Promised Vs. What's Being Delivered
Sustainable Source of Income Snatched Away from Seattle's Black Churches
Where Should We Be Focusing Climate Change Efforts?
COVID Reveals the Unsustainability of Monoculture Downtowns
Condos: American Local Governance in a Nutshell
Mayors Are Turning Talk into Action On Reparations
45,000 Bridges in the U.S. Are 50+ Years Old. And They Are Beginning to Fail.
What Comes Next, When the Freeways Are Gone?
Are Self-Driving Cars a Solution Looking for a Problem?
Strong Towns Filed a Lawsuit—and the Internet Has Been Talking About It
Parking Requirements: Cheaper Driving for Costlier Development
A New Direction for Car-Dependent Orlando?
Scaling Down America
Will Pandemic-Era Migrations Lead to Further Insolvency?
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Social Dallas Podcast
Change Church Podcast
Six Degrees with Kevin Bacon
The Fundraising Masterminds Podcast
People Places Planet