Here's How to Invest in Baltimore's Neglected Neighborhoods

credit: Wikipedia

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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        Programs that focus broadly on strengthening, unifying and building the economic, cultural, educational and social services of a community or neighborhood and improving the quality of life for all. Community Building; Community Capacity Building; Community Development and Improvement; Community Development Block Grants; Healthy Communities Community Economic Development Programs that provide technical assistance and funds to help communities retain and recycle income within the community by investing in the development of local institutions and businesses. Business Growth; Business Loans; Economic Growth; Economic Transformation; Real Estate Organizations; Socioeconomic Development; Technology Transfer; Transfer of Technology; Urban Enterprise Zones

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