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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.
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A customized collection of grant news from foundations and the federal government from around the Web.
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Social Entrepreneurship
Spotlight
Influencing Social Good Through Retail
When Hannah Davis traveled to China to teach English, she noticed how Chinese workers and farmers were often sporting olive green army-style shoes. Those shoes served as her inspiration to create her own social enterprise, Bangs Shoes.
