Attendees enjoyed an introduction to public banking presented by Adam Lee of Youngstown, Ohio, followed by an engaging Q&A sessions with our panel of Ohio advocates and seasoned experts from the Public Banking Institute.
Watch the recording on Facebook.
Public banks — banks owned by the public — have been shown to respond more rapidly, effectively and equitably to crises than privately-owned banks. The public and municipal leaders are invited to learn how at an informative Town Hall titled “How Public Banking Can Rescue Main Street Post COVID-19”, hosted by the Public Banking Institute and supporters in Ohio on Tues. November 10, 2020 at 1pm Eastern Time.
Even after the CARES stimulus package, states and cities face serious budget crises and communities are struggling to survive, in the wake of mass unemployment, exploding costs, and plummeting tax revenues. Interest rates on municipal bonds have shot up, while interest rates for banks have dropped virtually to zero. What can states and cities do? Form their own publicly-owned banks.
Town Hall panelists examined how a public bank could become a real financial lifeline to struggling Ohio communities desperate for funds, staving off economic disaster and jump-starting the new economy.
Sponsored by the following Organizations:
American Independent Business Alliance (AMIBA)
Ohio Sustainable Business Council (OSBC)
Regionomics
Simply Living
Support Ohio Local Economies (SOLE)
Sierra Club’s Ready for 100 Campaign: Columbus
