Keeping New Mexico's Revenue
Safe, Local, and Working

How a Public Bank Will Strengthen NM Finance

Farm in the Agri-Cultura Network in South Valley, NM. From our video “Growing a Prosperous Future” by LittleGlobe

The Public Bank of North Dakota has kept their public funds safe, local and working for more than 100 years.

Credit Union Association of New Mexico Endorses a Public Bank for New Mexico

Credit Union Association of New Mexico
Endorses a Public Bank for New Mexico

Read CUANM’s full endorsement here

Ballooning New Mexico|@Yancy|Flickr

How Can a State Public Bank
Support Our Communities?

Infrastructure, Renewable Energy, Agriculture, Economic Development & Recovery

Researcher and interns of Sandia Labs at Pueblo of Acoma discuss photovoltaic solar panel. Photo courtesy Sandia Labs via Wikimedia Commons.

Working together let’s establish a Public Bank for New Mexico, to finance the bold changes it will take for our communities to overcome today’s obstacles and seize tomorrow’s opportunities.

The Alliance for Local Economic Prosperity (AFLEP) is a nonprofit, grassroots think tank advocating for a state public bank. New Mexico’s revenue (taxes and fees) is now largely invested in global banks outside the state, missing opportunities to invest in the economic needs of New Mexico communities. Learn more:

The Challenge Grant

Two donors are offering you an opportunity to invest that doubles your impact and truly helps a socially responsible initiative. Between now and December 31st, 2022, every dollar donated will be matched up to $25,000. This means every dollar donated is doubled in value. We invite you to be part of the change!

Donations Doubled up to $25,000!

Your donations will be invested in where we’re going in 2023. With your investment, AFLEP can start 2023 with the financial resources to initiate and implement the final phase of this much-needed endeavor. Please take advantage of this opportunity to double your investment in New Mexico’s future!

Watch our new video about one incredible farm cooperative in Central New Mexico, which provides food, trains farmers, and incubates businesses, talk to us about the financing challenges faced by farmers and small businesses. A Public Bank in New Mexico could be a vital resource to invest in local food production, job creation, and a stronger local economy.

Endorse a Public Bank for New Mexico

Endorse a public bank so public officials and friends know you support public banking and why.

Reilly White

Associate Professor of Finance
University of New Mexico

Hannah-Leigh Bull

Llama Deara Ranch

Jesse Guillen

Paul Gibson

Gibson & Associates

Glenn Schiffbauer

Executive Director
Santa Fe Green Chamber of Commerce

Ellen Brown

Author & Founder
Public Banking Institute
Endorsements from community members and leaders across New Mexico are extremely helpful to us, as we speak with Legislators – to show the growing support for public banking.   View Full Endorsers Gallery >>>

Allied Organizations that support what a State Public Bank can do for our economy

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National News

In 16 Years, the Fed Has Approved 4,506 Bank Mergers and Denied One

In 16 Years, the Fed Has Approved 4,506 Bank Mergers and Denied One

By Pam Martens and Russ Martens for Wall Street On Parade | January 19, 2023 On Tuesday, Jerome Powell’s Federal Reserve once again thumbed its nose at President Biden’s antitrust directive regarding the creation of more mega banks through merger. This time...

A Policy Renaissance Is Needed for Rural America to Thrive

A Policy Renaissance Is Needed for Rural America to Thrive

By Tony Pipa, senior fellow at the Center for Sustainable Development at the Brookings Institution. Opinion in New York Times | December 27, 2022 (Emphasis by AFLEP) In what has become a postelection tradition, there has been no shortage of analysis the past several...

New Mexico News

Life Link + Homewise Partnership Delivers More Than Financing

Life Link + Homewise Partnership Delivers More Than Financing

Partnership Delivers More Than Financing The Life Link in Santa Fe rents and owns multiple buildings where it delivers a multitude of services. When management wanted to create synergy around some of those services by housing them under one roof, the nonprofit...

NM Awarded Grant to Help Small Businesses Cultivate Global Marketplace

NM Awarded Grant to Help Small Businesses Cultivate Global Marketplace

New Mexico Economic Development Department (EDD) Cabinet Secretary Alicia J. Keyes announced Monday that the state has been awarded a $250,000 STEP grant from the U.S. Small Business Administration to help small businesses cultivate the global marketplace. The State...

AFLEP Videos

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Public Banking Institute

Accross the nation, more than 25 initiatives and 50 grassroots organizations are advocating for the chartering of public banks. Learn more about the National Movement and the work of our national affiliate, the Public Banking Institute.

New Mexicans deserve the prosperity a public bank has provided North Dakotans

Public Bank of North Dakota 100 years slides
  • North Dakota had the lowest unemployment rate in the nation during the 2007-08 recession. Current Sept 2022 rates: North Dakota, 2.3%; U.S., 3.7%; New Mexico, 4.5%.
  • Bank of North Dakota (BND) has added to the state’s annual operating budget $300+ million over the past 10 years.
  • North Dakota community banks are thriving because of their partnerships with BND: 10 community banks per 100,000 population, the highest in the U.S.
  • BND originated or renewed 15,696 loans to state businesses, projects and students, totaling $1.33 billion in 2019. The total loan portfolio is $4.5 billion.
  • BND works actively to create successful new businesses to reduce the state’s dependence on oil and gas.
  • Founded in 1919 with $2 million in capital, BND reported assets of $7.0 billion at the end of 2019.
  • BND responded to the COVID-19 crisis with confidence in 2020, filling the gaps that federal programs didn’t support and seeing a 15% Return on Investment (ROI).

Detailed Comparison of New Mexico and North Dakota
BND’s 2020 Economic Development Report: Creating Financial Solutions for Current and Emerging Economic Needs
BND 2020 Annual Report: Responding with Confidence

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