What is your favorite BIG Picture idea for Huntsville

Public Bank of Huntsville

Many cities and several states are investigating the feasibility of establishing public banks. Using public capital to provide reserves for a public bank is a good way to leverage reserves on hand to loan money to public infrastructure projects and to help fund loan programs for local entrepreneurial startups administered through loan agencies. The interest on the loans goes back into the public coffers and thus saves the city money in the long run, debt service doesn't hurt so much. The master plan should look into a proposal to the city council to fund a feasibility study for creating a Public Bank of Huntsville.

 

https://nextcity.org/daily/entry/cities-form-public-banks-divestment-wells-fargo

 

https://hubpublicbanking.org/2017/07/07/cities-and-states-across-the-country-are-considering-public-banking/

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Idea No. 149