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Legislative Policy Division report flags historical ties to slave-era finance; council asks for broader scope
Summary
LPD presented research requested by the reparations task force identifying historical links between U.S. banks and the Atlantic slave trade and recommended further follow-up on tax abatements and developer hiring incentives.
The Legislative Policy Division presented a report to the committee documenting initial findings about slavery-era records and tax incentives requested by the city's reparations task force. Edward King, Legislative Policy Division, told the committee the report is posted on the Legislative Policy Division website and that the team's work identified two banks and predecessor institutions that historical records link to…
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