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In the News
The Hidden Potential of the Fed’s $600 Billion Emergency Small Business Loan Program
By Oscar Perry Abello, Next City – The Paycheck Protection Program laid bare the reality that larger banks tend to focus more on larger clients, relegating millions of small businesses to second-class status. But there is evidence that loan participations, like those offered through the Fed’s Main Street Lending Program, can tip the scales toward smaller lenders.
A public bank for New Mexico gains interest
By Dan Mayfield, Taos News – Community activists have renewed their efforts to create a New Mexico public bank, designed to provide needed capital for jobs and infrastructure spending across the state. Their initiative, to be introduced in the 2021 legislative session, could keep much more of New Mexico’s money in the hands of local communities, according to supporters.
A State Public Bank: Investment in Local Communities in Post-Pandemic New Mexico
By Dee Gamble for Green Fire Times – How does New Mexico climb out of a seemingly intractable situation in the face of ongoing damage being caused by the coronavirus? A public bank for New Mexico: a bank with a “common good” purpose and re- sources to build community wealth in every village, town and city, can be the primary engine for such a far-reaching transformation.
A Public Bank for New Mexico
Richard Eeds Show, KTRC | Dec 2, 2020 Why does New Mexico need a Public Bank? Listen as Richard Eeds interviews Elaine Sullivan and Melissa Pickett of Alliance for Local Economic Prosperity about the ways a Public Bank could benefit all New Mexicans in the midst of...
Time for Public and State Banks
By Jim Harvey, Albuquerque Center for Peace & Justice | Nov 18, 2020 Is it time for Public and State Banks? Jim Harvey talks with Sarah Manning and Rebeca Jasso-Aquilar of the Alliance for Local Economic Prosperity about why we need public and state banks in New...
Public Banking: A Way Up and Out During Economic Hardship
By MK Mendoza, KSFR | Nov 12, 2020 Wake Up Call’s MK Mendoza speaks with two leading representatives from the non-profit Alliance for Local Economic Prosperity about how public banking statewide could literally turn things around for New Mexico as we find our way out...
The Benefits of Forming a NM Public Bank
The Benefits of Forming a NM Public Bank
By Retake Our Democracy | June 23, 2020
AFLEP is joined by Ellen Brown, Chair of the Public Banking Institute, and Paul Stull, President and CEO of the Credit Union Association of New Mexico for this panel discussion about the potential benefits of a New Mexico state public bank. Panel facilitated by Retake Our Democracy.
VIDEO The Benefits of Forming a NM Public Bank
VIDEO Four Ways To Strengthen Your State and City Finances
VIDEO New push for state public bank in 2021 legislative session 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
Retake Our Democracy