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"Fiscal justice” investors want to flip the muni bond market script. Here’s why that could be a good thing — both for equity and for city finances.
The blueprint envisions the bank would make loans to support more affordable housing, small businesses owned by Black, indigenous and other people of color, and potentially even do some infrastructure lending for municipalities
Green will talk about the groundbreaking legislation he introduced and championed, to establish the Philadelphia Public Financial Authority, the country’s first city-established public banking entity. Broadly speaking, public banks are government-owned entities that hold state or local government deposits and leverage them to advance policy goals while returning profits to the public. Abello and Green will talk about what makes this legislation so groundbreaking; what the bill, which passed in March, does and does not do; and where its true potential lies. Green, a former small-business ...
Nonprofit loan funds like Accompany Capital enable minority-owned businesses to thrive. The recent program expansion will allow them to give out more loans but will it be enough?
The worker-owned pub Democracy Brewing in Boston tries to spread the co-op model one beer or burger at a time but financial backing is crucial.