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How a North Dakota bank gave its state a huge lift in the coronavirus small business program
Photo: North Dakota farm (Brooke Raymond/ CC BY-SA 2.0) By Andrew Van Dam, The Washington Post | May 15, 2020 The United States’ only state-owned public bank is more than 100 years old and outperformed every other state in securing PPP funds for their...
Small Banks Play Outsized Role
Image by 3D Animation Production Company from Pixabay By Stephen Hamway, Albuquerque Journal| May 13, 2020 Community banks in New Mexico have been showing their worth during the COVID-19 pandemic, processing around half of the small business loans despite...
With meat plant closures and meat shortages on horizon, can cattle ranchers survive?
Photo by Cristina Carreon, NM Political Report By Christina Carreon, NM Political Report| May 11, 2020 A public bank could protect New Mexico’s cattle industry from future calamities and halt the current trend of decline by reinvesting NM state tax...
Small Banks Save Small Businesses, So Why Aren’t There More Small Banks?
Photo by Phil Trease / CC BY-NC 2.0 By Oscar Perry Abello, Next City| May 12, 2020 To bolster the local economy and support small businesses, we need institutions that support small banks. Local economy advocate Stacy Mitchell saw reports about how the...
Small Banks ‘Punched Above Their Weight’ for Paycheck Protection Program
Photo by Pictures of Money / CC BY 2.0 By Next City| May 8, 2020 Community banks become heroes of the pandemic as small business loans are approved quickly and without discrimination. Banks with less than $1 billion in assets hold just 6 percent of all the money in...
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Episode: Everyone deserves a public bank
Join those who’ve endorsed a Public Bank for New Mexico
“I had the good fortune to work on this initiative before Bernie kidnapped all my time. This is one of those no-brainer initiatives that only the 1% could oppose. It has the potential to save the state millions of dollars by vastly reducing the cost of its bonds to improve infrastructure funding. in a public bank, our state funds can be used to build our local economy and our local infrastructure.”
– Paul Gibson
Retake Our Democracy