Support for a Massachusetts infrastructure bank

William Shelton, former director of Somerville Community Corporation, recently wrote a great essay for the Somerville Times in support of a public infrastructure bank, and our bill, H3543, ending with a call to to municipal managers and officials to help get more legislators informed and interested in the idea of a state infrastructure bank.

If you need a quick rundown of why a public bank would be a very good idea from someone who has worked in community development, read the article. It not only details what the bill would do, but goes into the widespread need for alternative sources of funding, and the reluctance that many cash-strapped towns feel about borrowing in an age where their residents face an uncertain economy and stagnant wages.

We know the time has come for a public infrastructure bank, but it’s great to get support from someone very familiar with the funding problems faced by cities and community developers.

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