Philly proceeds with a formal comprehensive study on creating a  Public Bank of Philadelphia

Philadelphia City Hall

Philadelphia City Hall. Photo by Eric Froehling

 

It’s official! “The City of Philadelphia is seeking responses to this request for a proposal from consultants to conduct a feasibility study on the City of Philadelphia's ability to establish and operate a municipally owned bank.”

Mike Krauss of the Pennsylvania Public Bank Project says, “This is the result of the steady, careful work of the Philly public bank team (Facebook link) and our team of colleagues.”

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