In early March, The Port and its partners hosted a forum to discuss establishing a Green Bank to raise and deploy funding for local, sustainable development. A Green Bank is a mission-driven financial institution that aims to accelerate clean energy investment through public policy, technical assistance, grants, and incentives. Green Banks have recently gained notoriety because of the Biden Administration’s $27 billion investment in a Greenhouse Gas Reduction Fund to combat climate change and promote economic competitiveness.
The event, a collaborative effort hosted by The Port, Donovan Energy, the City of Cincinnati, Hamilton County, the Cincinnati Business Committee, the Cincinnati Regional Business Committee, and the Cincinnati Development Fund, brought together more than 125 local and national experts in clean energy finance, affordable housing, and community development. Attendees learned about successful clean energy programs nationwide, including in Cleveland and Columbus, and explored ways to scale green energy investment in our region. The potential establishment of a local Green Bank could lead to more equitable development, more environmentally-friendly households, and more jobs, painting a promising future for our community,
Next steps include developing local programs to promote sustainable development throughout the county. Stay tuned for future updates!