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Just 2% of Philadelphia s pension fund could boost the local economy

Just 2% of Philadelphia s pension fund could boost the local economy
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Economics in Brief: Philly Public Bank Project Sees a Major Obstacle

Also, a new California law will decriminalize sex worker loitering.

United statesNew yorkGavin newsomStan shapiroManuela tomeiJim kenneyAysha khanShania degrootPhiladelphia public banking coalitionCity councilPhiladelphia public bankInternational labour organizationWorld health organizationPhiladelphia public financial authorityEmma bowen foundationMayor jim kenney

How Philadelphia is laying the groundwork for a public bank

The City Council recently voted 15-1 to establish a financial authority that would provide credit enhancements on loans to underserved borrowers. Public banking advocates say the effort is both an interim step for Philadelphia and a test case for other cities.

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CITY COUNCIL VOTES TO ESTABLISH THE PHILADELPHIA PUBLIC FINANCIAL AUTHORITY

The ordinance paves the way for creation of the nation’s first municipal public bank here in Philadelphia. PHILADELPHIA, March 3, 2022 – Today, City

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Philadelphia may become first US city to run its own municipal bank

Philadelphia may become first US city to run its own municipal bank
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United statesIsabelle lhuilierJesse zhangBilly pennBrittany alstonPeter winslowPhiladelphia public banking coalitionAction center on raceUniversity city on janPhiladelphia center cityPhiladelphia public financial authorityEconomy researchPhiladelphia city councilCenter cityUniversity cityEconomy research director brittany alston