Originally published in the Baltimore Business Journal

Howard Bank CEO Mary Ann Scully said banks need to “reallocate their resources” and called for a task force as some of the biggest names in the local business community came together Monday evening to discuss how to improve Baltimore’s financing system.

A recent report by the 21st Century Initiative at the Johns Hopkins Carey Business School found that Baltimore’s financing system needs to grow so that small businesses will have more access to capital. The report also identified an underlying issue of how to connect investors with the available capital. Among those who spoke at the event in Harbor East to discuss the report included Mayor Catherine Pugh; David Warnock, co-founder of Camden Partners; and Bob Embry, president of the Abell Foundation.

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