'From the South Bronx to Buffalo, New Yorkers will benefit from public financing services that will prioritize access, affordability, and growth, all while putting local dollars to work.'
"From the South Bronx to Buffalo, New Yorkers will benefit from public financing services that will prioritize access, affordability, and growth, all while putting local dollars to work.
"Public banks would partner with our state's numerous community-based lenders to deliver responsible financing and emergency funding to small and worker-owned businesses—including MWBEs—hardest hit by Covid-19," the authors write, referring to New York state's Minority- and Women- Owned Business Enterprise Program.
Voicing support for the proposed legislation, Democratic New York City Councilwoman Tiffany Cabán said in a statement that"it is time our city and state declared independence from Wall Street."
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