Press Room & Media
In the News
Planning for New Mexico’s Water Future
By Theresa Davis, Albuquerque Journal – “Smart water management and conservation must become a way of life in New Mexico,” says an October 2018 plan outlining Lujan Grisham’s positions on water issues. The Legislature denied the funding request in the 2020 regular session. Now the water planning program is operating with one staffer and a $350,000 budget for the 2021 fiscal year.
Supporters make case for public banking in Connecticut
By Sten Spinella, The Day – As Connecticut reckons with the economic impact of the COVID-19 pandemic, lawmakers and community organizers have returned to the idea of public banking as a possible saving grace. “We’re not trying to take over banks. We’re trying to give that support to our downtowns and keep the money in Connecticut.”
U.S. Chamber of Commerce warns of racial inequality for small businesses
By Dion Rabouin, Axios – A new survey from the U.S. Chamber of Commerce and MetLife provided early to Axios shows a 17-point increase in the number of small business owners who say minority-owned small businesses face more challenges than non-minority-owned ones.
Experts paint grim picture of New Mexico’s economy
By Robert Nott, Santa Fe New Mexican – A leading state economist told lawmakers Monday that New Mexico and the nation are in “a crisis like no other experience in our lifetime. It’s bleak … a debacle, if you will,” said Christopher Erickson, a professor and interim head of New Mexico State University’s College of Business. The villain? COVID-19.
Renewable Roadmap
By Kevin Robinson-Avila, Albuquerque Journal – The New Mexico-based North American Intelligent Manufacturing Initiative, is helping develop a “roadmap” that lays out the opportunities, challenges and concrete action that communities across the state can pursue to take advantage of clean energy technology and entrepreneurial initiatives.
Council, advocates push for a publicly-owned Bank of Rochester
By Gino Fanelli, Rochester City Newspaper – Well into a global pandemic that has contributed to one of the worst financial crises in history and further exposed the country’s gaping inequality, Rochester lawmakers and community groups are galvanizing behind the idea of the city opening its own public bank.
California needs a public bank to help economy recover from COVID-19
By Miguel Santiago, CalMatters – Assembly Bill 310, the Bank on California Act, is a bold plan to save California’s local communities. By establishing a public bank, it will provide immediate economic recovery loans to small businesses and local governments while providing long-term stability for state finances.
Could a State-Owned Bank Help Strengthen California’s Recovery Efforts?
By Oscar Perry Abello, Next City – The California Public Banking Alliance believes a state-owned bank could help meet a laundry list of public policy needs like affordable housing, homeownership, small business lending, or environmental sustainability. Rather than just negotiating with private banks to use their money-creation powers, they want a public bank that can utilize some of that money-creation power directly on behalf of the public itself.
‘Fast, simple, easy’: Bank of North Dakota boosts coronavirus business aid
By Jack Dura, Bismarck Tribune – A new small business in Bismarck, ND in danger of closing due to COVID-19 was steered by their bank toward assistance options, including a new Bank of North Dakota loan program. The nation’s only state-owned bank has approved loans for hundreds of North Dakota businesses under two new programs authorized in April by the state’s Industrial Commission.
How Equitable Access to Banking Improves Economic Conditions for Everyone
By Katherine Carter & Patrick Hain, National League of Cities – Large commercial banks are not typically available in Black, Indigenous, and Communities of Color (BIPoC) because of discriminatory redlining practices authorized by the Federal Housing Administration in partnership with state and local governments, and the private industry. Recently, more cities are looking at the creation of public banks as a potential solution.
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
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