There is increasing momentum behind baby bonds.

Connecticut, California and Washington D.C. have passed Baby Bonds legislation, and states like Louisiana and New Mexico are studying legislation now.

Federally, U.S. Senator Cory Booker and Rep. Ayanna Pressley have a joint bill. Read more about baby bonds legislation across the U.S.

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Now, there’s Baby Bonds Legislation in Georgia.

In partnership with Georgia State Representative Kim Schofield, GRO and Atlanta Wealth Building Initiative have worked together to introduce a resolution to form a study committee that assess the potential impact and benefits of a statewide baby bonds program in Georgia. We are excited to continue our efforts in 2025 when the next legislative session begins.

We’ve received numerous support letters including from:

  • The Atlanta Wealth Building Initiative

  • Local Initiatives Support Corporation (LISC)

  • Low Income Investment Fund 

  • Atlanta Regional Collaborative for Health Improvement

A state baby bonds program would benefit Georgia families and create a more inclusive economy, here’s a few reasons:

  • It is an investment in every region of the state.

  • It will improve access to financial markets include the real estate market, small business generation, and more.

  • It will improve health outcomes, including life expectancy.

“This resolution would create a study committee on Baby Bonds. We should be exploring a future where every child in Georgia has a real opportunity to build wealth.”
— Georgia State Representative Kim Schofield

READ AXIOS ATLANTA’S
WRITE UP OF THE RESOLUTION
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READ MORE ABOUT THE RESOLUTION
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Amit Khanduri, Program Director, Baby Bonds,
Georgia Resilience and Opportunity Fund