A Commission To Coordinate Investments In Philadelphia Could Be Coming Soon
CITY HALL (CBS) -- Philadelphia City Council President Darrell Clarke wants to revive a charter change that would create a new Commission to coordinate public, private and non-profit investments in the city.
The Community Reinvestment Commission would recommend strategies for leveraging investments from a number of sources to create jobs and economic opportunity, according to legislation introduced at last week's council session.
Council President Clarke said it's something that's been missing.
"Everybody is participating on some level or another-- the government, obviously, private sector, the foundations, the lending institutions, as required by law, but there's no (coordinated) effort."
If the bill passes, and Mayor Kenney signs it, voters would be asked to approve it in a referendum. A similar bill passed in 2000, but never went on the ballot.
