# [#] John, first of all, thank you so much to everyone who donated ahead of last month’s fundraising deadline. Sustained grassroots support is one of the reasons why yesterday I was able to introduce my revised public banking bill.
A public bank in Philadelphia would drastically improve the lives of our city’s residents.
Far too often, the U.S. private banking system leaves Black and Latinx communities behind as they are historically denied fair and equal access to credit. Without access to credit, our Black and Brown residents aren’t able to build generational wealth.
Additionally, as Philadelphia works to recover from the hardships that the COVID-19 pandemic has brought, an access to public capital will improve our ability to revitalize Philly’s businesses and prepare for future health crises.
John, are you on board with establishing a public banking system in Philadelphia? If so please add your name to let me know: [[link removed]]
ADD YOUR NAME [[link removed]]
Excitement for my public banking plan has been tangible. Over the summer, The Philadelphia Inquirer endorsed my public banking plan, and I was recently named a finalist for the 2021 NewDEAL Ideas Challenge due to this innovative new idea.
Now that my measure to provide more economic opportunities to Black and Brown-owned, women-owned, and disabled-owned businesses has been introduced, the creation of a public bank is the next step in ensuring that Black and Brown-owned businesses have the access to capital that they need to thrive.
Sign on today to show your support for a public bank in Philadelphia→ [[link removed]]
Thank you for standing with me to improve the lives of Philadelphians.
— Councilmember Derek Green
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