How The US Could Achieve 100% Financial Inclusion Through Local Public Banking

“Let’s move beyond abstract proposals to concrete implementations of the local state-run banking model. Americans deserve a better, healthier, and more inclusive financial system.”
– Nik Milanovic, Forbes

HR&A’s Public Bank Feasibility Study for the City of Philadelphia was featured in a recent Forbes article on the process for creating public, state-owned local banks across the US. The report, authored by HR&A Partner Andrea Batista Schlesinger and Director Ariel Benjamin outlines the steps to create a City-controlled public bank that puts to work the City’s banking power in the interest of Philadelphians. According to the Forbes author, the recommendations provided within HR&A’s report could serve as a model for a broader system.
Read the full column here.
Learn more about HR&A’s work with public banking here.