Charles Grigsby writes to the Boston Globe: How Mass lawmakers could lead by creating a bank for infrastructure

Faneuil Hall, Boston

Faneuil Hall, Boston

 

Public Banking advocate Charles T. Grigsby, immediate past president of the Massachusetts Growth Capital Corp., explains in the Boston Globe that Boston need not despair in the face of attempting to fund its future infrastructure needs. Currently under consideration in the Massachusetts Legislature is House bill 3543 that would authorize the formation of a state-owned bank focused on providing lower-cost infrastructure financing across the state.

“It’s drafted to become self-sufficient after initial capitalization and especially to avoid competing with banks and credit unions in the state.”

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