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In a commentary by Eric K. Hontz, senior program officer at The Center for International Private Enterprise, it focuses on how Baltimore residents and neighborhoods can break the cycle of poverty and create a virtuous cycle of prosperity and opportunity.
He points out to the model of the European Bank for Reconstruction and Development (EBRD), a bank owned which invests in private enterprises with commercial partners. The EBRD offers many financial products, including loan and equity financing, guarantees, leasing services and trade finance.
Hontz advises that through equity contributed by Baltimore, the state of Maryland, university endowments, foundations and impact investment funds, Baltimore's bank could get government, foundation and commercial buy-in.
According to Hontz, by leveraging the bank's equity and a partnership model, the bank could drive billions into Baltimore's communities. He adds that the concept of a public-private bank aimed at comprehensive redevelopment of a city can be an opportunity for Baltimore.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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Social Entrepreneurship
Spotlight
This Social Innovation Helps Prevent Bed Sores in Wheelchair Users
Co-founders William Mann and David Mravyan devised the Sensimat during a mandatory project for their MBA at the Richard Ivey School of Business in Canada. Sensimat is a device that helps manage and assess pressure among wheelchair users.
