Advocates Push Public Bank on Beacon Hill
Two years into a pandemic that’s highlighted challenges business owners of color face in accessing credit, a group of lawmakers and activists say a new public bank is the answer.
Two years into a pandemic that’s highlighted challenges business owners of color face in accessing credit, a group of lawmakers and activists say a new public bank is the answer.
Executives of 15 Greater Boston cities and towns declared their support for the idea of a state-owned bank tasked with making loans to entrepreneurs of color and other “historically marginalized” business owners and area residents.
With billions of dollars in federal pandemic aid burning a hole in its pocket, the state legislature is looking for ways to invest in the future of Massachusetts.
A coalition of organizations led by the Black Economic Council of Massachusetts is challenging the state’s institutions, including banks, to commit to take specific steps to achieve racial equality.