Why listen
One American city built its own bank to put public interest ahead of profit.
0:00––:––
Enjoy the episode?
Subscribe to Next City
Listen & subscribe on
In this episode
- How a city-owned bank works and why it is different from private banks
- Why access to credit for historically excluded businesses is central to the model
- What it takes for a city government to actually launch and run a bank
- What other cities could learn from this first-of-its-kind experiment
About this episode
What becomes possible when the public owns the bank? A city-owned bank could decide, for example, that it wants to support Black-owned businesses and others that have historically lacked access to credit. Now an American city is pioneering a future that prioritizes the public’s interest.This episode is sponsored by:
The Bottom Line - Sign up for this newsletter exploring scalable solutions for problems related to affordability, inclusive economic growth and access to capital. The Bottom Line is made possible with support from Citi.
Next City Newsletter - Signing up for our newsletters is the best way to stay informed on the issues that matter. To subscribe now, head to nextcity.org/newsletter and enter your email address.
About Next City
Join Lucas Grindley, executive director at Next City, where we believe journalists have the power to amplify solutions and spread workable ideas. Each week Lucas will sit down with trailblazers to discuss urban issues that get overlooked.
See all episodes →
