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New push for state public bank in 2021 legislative session
New push for state public bank in 2021 legislative session
By KRQE | January 16, 2021
Watch as Dan Mayfield of the New Mexico Credit Union Association explains to KRQE’s Brady Wakayama and Stephanie Chavez that a New Mexico public bank is “a great low cost, very easy way to make sure small businesses and economic development projects, municipal projects of all kinds, can get capitol pretty quickly.”
New push for state public bank in 2021 legislative session
By Brady Wakayama & Stephanie Chavez, KRQE – There is a new push – backed by several state lawmakers, and now some Albuquerque city councilors – for New Mexico to establish a state public bank. “It’s a great low cost, very easy way to make sure small businesses and economic development projects, municipal projects of all kinds, can get capitol pretty quickly,” said Dan Mayfield, VP of the Credit Union Association.
Building a green economy
By Kevin Robinson-Avila, Albuquerque Journal – The U.S. has emerged from previous economic downturns like today’s pandemic-induced slump by building new infrastructure. And given the immense construction needed to add transmission capacity, modernize grid technology, and build renewable generation facilities, transitioning to a green economy could provide a robust path to recovery while also laying the foundations for new, sustainable industries.
Albuquerque’s Quest to Buy Local Everything
By Oscar Perry Abello, Next City – The City of Albuquerque spends around $400 million a year on purchasing goods and services — excluding any CARES Act spending. About 65 percent of that already goes to local businesses in Albuquerque. “I would say I don’t see us surviving COVID without the City of Albuquerque business,” says Diverse Office Supply CEO Kerry Brennan Bertram. “I’m not exaggerating, I really don’t see how we could have managed.”
State public bank would be valuable asset
Letters to the Editor, Albuquerque Journal | January 6, 2020 In "Turning the Economic Corner Will Take Teamwork" Joe Farr asks, “Why do we have the second highest poverty rate in the U.S., much higher than our neighboring states?” His conclusion is not surprising. We...
New Mexico needs a public bank
By Doug Lynam, Santa Fe New Mexican – According to a study by California State University, Northridge, New Mexico has almost 10 times more payday lenders than it does McDonald’s restaurants. Meanwhile, we are near the very bottom in U.S. News & World Report state rankings for education, economy, opportunity, fiscal stability and crime. How do we bring more money into our state?
2020 Was the Year of Demystifying Money for Cities
By Oscar Perry Abello, Next City – The unprecedented circumstances of the pandemic and the unprecedented responses it elicited from various levels of government and the private sector revealed a lot about where money comes from and how it circulates around the economy. It provided an occasion to look back at ideas that offer relevant insights for today.
Tackling the Infrastructure and Unemployment Crises: The “American System” Solution
By Ellen Brown, Web of Debt Blog – Millions of Americans have joined the ranks of the unemployed, and government relief checks and savings are running out; meanwhile, the country still needs trillions of dollars in infrastructure. A self-funding national infrastructure bank modeled on the “American System” of Alexander Hamilton, Abraham Lincoln, and Franklin D. Roosevelt would help solve not one but two of the country’s biggest problems.
Las Cruces City Council Discusses Formation Of A Public Bank In New Mexico
Las Cruces City Council Discusses Formation Of A Public Bank In New Mexico
By KRWG | December 14, 2020
Alliance for Local Prosperity presented to the Las Cruces City Council on December 14, 2020 on the merits of a public bank for New Mexico. Supporters for a NM Public Bank include State Senator-Elect Carrie Hamblen, Councilor Gabe Vasquez and Councilor Kasandra Gandara.
VIDEO Las Cruces City Council Discusses Formation Of A Public Bank In New Mexico Video
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Episode: Everyone deserves a public bank
“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
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