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.
Winds of Change in Kansas City
Local and Diverse > Networked and Global
Has the West Made a “Cult” of Home Ownership?
This $15 Trillion Market Is On the Verge of Collapse
Bonus Episode: The Bottom-Up Revolution
"We Can't Micromanage Great Urban Design Into Existence."
Winter Is Coming: Will Restaurants (and Customers) Adapt to Help Businesses Survive?
Why Cities Shouldn’t Wait for the Feds to Do Something about Reparations
Fragile Policies are Making California More Vulnerable to Megafires
For City Planners, Community Consensus Shouldn't Be the Standard
For U.S. Transit, "Death Spiral" Shouldn't Have Been an Option in the First Place
Can the Right and Left Come Together on Zoning Reform?
Pandemic Fallout: Will New York City Experience Long-term Decline?
"This Makes No Sense": An Ill-Fated Comprehensive Plan in Texas (and Why It Matters Where You Live)
Finding a Room to Rent in Boulder Won't Get Easier Anytime Soon
Help Shape the Future of the Strong Towns Podcasts
How Do You Solve a Problem Like Housing Prices?
Down to Earth: Time to Re-examine the Hype around Skyscrapers
A Better Use of Federal Infrastructure Spending
The U.S. Has An Affordable Housing Problem. Are Dead Shopping Malls the Solution?
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
Digital Islamic Reminder
Nonprofits Are Messy: Lessons in Leadership | Fundraising | Board Development | Communications