Public Banking Study for the City of Philadelphia

Organization: 
The Office of Councilman Derek S. Green
City: 
Philadelphia
State: 
Pennsylvania
Organization Overview: 

On May 19th, Councilman Derek S. Green, Esquire won the Democratic primary for City Council At-Large in Philadelphia by receiving over 68,000 votes which was the highest number of votes cast in the election, and on November 4th, he was elected as a member of the City Council of Philadelphia.

Before his election, Councilman Green was the Special Counsel to Councilwoman Marian B. Tasco. In this capacity, he proposed and drafted legislation as well as reviewed and monitored local, state, and federal legislation. He also served as counsel to the Philadelphia Gas Commission Chair and the Committees on Finance and Public Health and Human Services and managed various Council hearings and meetings with constituents and executives.

Prior to joining the Councilwoman’s office, Councilman Green served as a Deputy City Solicitor in the Housing and Community Development Division of the Corporate Group of the City’s Law Department. As a Deputy City Solicitor, he represented the Offices of Housing and Community Development and Neighborhood Transformation Initiatives, Commerce Department, and Vacant Property Review Committee and annually drafted, negotiated, and reviewed over $100 million in housing and economic development contracts funded by the City, PA Department of Community and Economic Development, and U.S. Department of Housing and Urban Development.

Additionally, Councilman Green’s legal experience includes positions as an Assistant District Attorney and Assistant Deputy Attorney General for the State of Delaware (Securities and Criminal Divisions). He is admitted to practice law in the Commonwealth of Pennsylvania and State of New Jersey. He is also a graduate of the University of Virginia and Temple University School of Law and is a member of the Center for Progressive Leadership’s inaugural class of Political Leadership Fellows, and served as a faculty member and alumni Board Director.  Furthermore, the Pennsylvania Law Weekly named Councilman Green as a 2004 Lawyer on the Fast Track, Cheyney University honored him with the President’s Outstanding Community Leader Award, Community College of Philadelphia presented him with their Distinguished Leadership Award, Urban Education Fund honored him with the 2008 Gimper Award for Outstanding Service, Leadership Philadelphia selected him as one of the region’s key connectors and leaders, Metro Philadelphia selected him as one of 6 new young political leaders, and the Philadelphia Daily News named him one of the 10 under 40 rising political stars.

Project Name: 
Public Banking Study for the City of Philadelphia
Project Type: 
Policy Analysis
Project Overview: 

There has been increased interest in public banking in response to the failures of privitized banks and the influence the banking industry has on policy-makers in the country. Currently, Phil Murphy is running his campaign for NJ Governor on the premise of bringing a public bank to New Jersey. Santa Fe recently brought together a task force to determine the feasibility of public banking in their city. Similar to the study on Public Banking for the City of Santa Fe, students would be responsible for researching the feasibility of a Public Banking system in Philadelphia. Students should address the legal and operational implications of a public banking system as well as offer recommendations based on best practices from other cities. 

Deliverable:
Students will produce a feasibility study to examine the possibility of public banking in Philadelphia. This should be a written report with an executive summary, research, and findings. 

Spots Available: 
1-2
Eligibility: 
Executive; Full-Time
To Apply: 

To apply for this project, please contact Cassie Tomkins at ctomkins@upenn.edu.

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Contact Information

Fels Institute of Government
University of Pennsylvania
3814 Walnut Street
Philadelphia, PA 19104

Phone: (215) 898-2600
Fax: (215) 746-2829

felsinstitute@sas.upenn.edu