News & Press – Page 3 – Philadelphia Public Banking Coalition

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Philadelphia Public Banking Coalition Announces Introduction of City Council Public Bank Bill

By Philadelphia Public Banking Coalition on January 28, 2021

The bill would make Philadelphia a trail-blazer in developing financial institutions that serve people first. Today Councilmember Derek Green and 11 cosponsors introduced a bill to establish a Philadelphia Public Bank, that will become a City depository institution, authorized to hold City funds. “This is an historic development that can transform the City’s economy,” said Green. He added: “public banks… Continue reading "Philadelphia Public Banking Coalition Announces Introduction of City Council Public Bank Bill"
News & Press
Philadelphia Public Bank bill to be introduced

By Philadelphia Public Banking Coalition on January 26, 2021

Article in Scoop USA Media’s Black Business Review by Marilyn Kai Jewett on January 26, 2021 Since 2011, grassroots community organizers tired of Wall Street and the unethical private banking system have been working towards the establishment of public banks on the local, regional, state and national levels. The Pennsylvania Public Bank Project was formed to further the movement for… Continue reading "Philadelphia Public Bank bill to be introduced"
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Breaking News: Councilmember Green to Introduce Philadelphia Public Banking Legislation! Take Action NOW!

By Philadelphia Public Banking Coalition on January 18, 2021

After years of hard work from many of our allies, we are proud to announce that on Jan. 28th, Councilman Derek Green will introduce legislation to create a Philadelphia Public Bank! Wow: Imagine all the good this could do! (If you want a refresher, just check out this short video.) But right now, we need your help to push this Philadelphia Public Bank Bill… Continue reading "Breaking News: Councilmember Green to Introduce Philadelphia Public Banking Legislation! Take Action NOW!"
Blog, News & Press
Weavers Way Co-op Supports a Philly Public Bank

By Philadelphia Public Banking Coalition on November 28, 2020

In their November 2020 Newsletter, Weavers Way Co-op published an article on how public banks could benefit the co-op community and the goals of Weavers Way. The full text of the article is below and can also be viewed on their website. Progress Continues On Establishing A Philly Public Bank by Peter Winslow, Weavers Way New Economy Incubator Committee A… Continue reading "Weavers Way Co-op Supports a Philly Public Bank"
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Public bank could help businesses get federal aid

By Philadelphia Public Banking Coalition on October 25, 2020

Letter to the Editor by Beth Finn, published in the Philadelphia Inquirer on Oct. 25, 2020 In reference to “Billions in aid funds are untouched” (Oct. 20), it is sobering to learn that of all the states and municipalities in the country, only Illinois and New York’s Metropolitan Transportation Authority have taken advantage of the opportunity to get funding from… Continue reading "Public bank could help businesses get federal aid"
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Housing Investments and Public Banking

By Philadelphia Public Banking Coalition on October 9, 2020

Letter to the Editor by Pamela Haines, Published in the Philadelphia Inquirer on Oct. 9, 2020 In reference to the need for financial assistance in building low-income housing (Inquirer, 10/7) another way to fund such critical needs is through the establishment of a Philadelphia Public Bank. Last year the city paid $174 million in interest alone, on money that we… Continue reading "Housing Investments and Public Banking"
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Philadelphia Public Banking Coalition Comments on Study by HR&A Advisors

By Philadelphia Public Banking Coalition on September 30, 2020

Today, 9/30, the City Treasurer announced the release by HR&A Advisors of a report on the Philadelphia Public Bank Feasibility Study they conducted for the City. City Press Release: https://www.phila.gov/2020-09-30-philadelphia-public-bank-feasibility-study-released/ HR&A Study: https://www.phila.gov/media/20200930101919/Philadelphia-Public-Bank-Feasibility-Study_-FINAL_Sept-2020.pdf The Philadelphia Public Banking Coalition provides the following comments pertaining to the HR&A Study: The Philadelphia Public Banking Coalition (PPBC) welcomes the Public Bank Feasibility Study prepared by… Continue reading "Philadelphia Public Banking Coalition Comments on Study by HR&A Advisors"
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Philadelphia’s first public banking town hall announces new coalition

By Philadelphia Public Banking Coalition on September 1, 2020

More than 140 people from all around the City and region attended virtual event with City Councilmember Derek Green and leading experts and advocates September 1, 2020 PHILADELPHIA—Today, the Philadelphia Public Bank Coalition held its first Town Hall to explore the ways a municipally owned bank could address the critical needs of our city in these times, and to support… Continue reading "Philadelphia’s first public banking town hall announces new coalition"
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Why Philadelphia Needs a Public Bank

By Philadelphia Public Banking Coalition on August 30, 2020

A Digital Town Hall Philadelphia—On Tuesday, September 1, at 7pm, the Philadelphia Public Banking Coalition, in partnership with a variety of community activist organizations, is hosting a Town Hall on how public banking is an essential tool in the fight against systemic racism and economic injustice. A public bank could transfer money into our public services, instead of enriching the… Continue reading "Why Philadelphia Needs a Public Bank"

Category: News & Press