Hi John — we wanted to make sure you read Councilmember Green’s latest email. He wrote to you explaining the importance of creating a public bank in our city to help deal with the effects of redlining and underinvesting in our Black and Brown communities.
Despite the progress that it could bring, Mayor Kenney has vowed to block any and all efforts to proceed with this project.
Now, Derek needs your help to ensure that he can continue to fight for public banking in Philadelphia. Donate today to support Councilmember Green’s work of building a city that works for everyone, then scroll down to check out his original message:
Original message from Councilmember Derek Green:
Did you know that 45% of Philadelphia residents are Black yet only own 2.5% of businesses?
Our city’s history of redlining and underinvesting in Black and Brown communities has resulted in inequity and inequality, and as your Councilmember, I am working every day to undo the existing disparities within our systems and institutions.
Black and Brown Americans have been victims of racist banking policies for generations — this is why I’m fighting to create a landmark public bank. Can you chip in today to support my vision of a Philadelphia that works for all?
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For years, I championed the creation of a public bank in Philadelphia that would use city dollars to help grow Black and Brown businesses. Although my bill passed near-unanimously in the city council, Mayor Jim Kenney is refusing to provide funding or appoint board members to this project.
Make no mistake: There’s clear public support behind the idea. We must step up and meet this moment.
I am working hard to bring long-awaited progress to our city. If you’re with me, please make a donation today to support my work.
Thank you,
Councilmember Derek Green
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