AFLEP in New Mexico – Alliance for Local Economic Prosperity

What could your community do if your city or state owned its own bank?

by Social Media Manager | Apr 20, 2026 | AFLEP in New Mexico, AFLEP News, Bank of North Dakota, New Mexico News, News, Public Bank, Public Banking

In 2020, the nonprofit organization Action Center on Race & the Economy published a study showing that state and local governments pay $160 billion in annual interest on the money they borrow. Banks owned by cities, counties, regional authorities, or...

House Commerce and Economic Development Committee at 1:30 on Wednesday, February 5, 2025.

by Social Media Manager | Feb 3, 2025 | AFLEP in New Mexico, AFLEP News, Announcements, Economics, Events, Green Banks, Local Economies, New Mexico, New Mexico News, Public Bank, Public Banking

The bill for Public Banking HB 130 is scheduled for the House Commerce and Economic Development Committee at 1:30 on Wednesday, February 5, 2025. Click here to see the schedule. Scroll down to the bottom of the page to see the members of this Committee. Now is the...

Public Banking on Silver City Public Radio

2025 Legislative Preview Zoomfest – Top of the List

by Social Media Manager | Jan 9, 2025 | AFLEP in New Mexico, AFLEP News, Announcements, Economics, Events, Green Banks, Local Economies, New Mexico, New Mexico News, Public Bank, Public Banking

On Tuesday, January 14, 2025 at 6:00 p.m., Reboot Our Democracy launched its 2025 Legislative Preview Zoomfest. And we are proud to say we are at the top of the list. Angela Merkert, our Executive Director, went into detail on the many benefits for a state public...

Public Banking on Public Radio

by Social Media Manager | Dec 9, 2024 | AFLEP in New Mexico, AFLEP News, Bank of North Dakota, Economics, Events, Green Banks, New Mexico, New Mexico News, Public Bank, Public Banking, Radio

Monday, December 9, the work of AFLEP was the focus on Santa Fe’s public radio station 101.1 FM KSFR on The Forum with Jim Falk. Being interviewed were the following people. Peter Smith, AFLEP Board President Harold Dixon, Advisory Board member Rick Clayburgh...

How is Public Banking like Acequia Culture?

by Leila Salim | Mar 14, 2024 | AFLEP in New Mexico, New Mexico, Public Bank, Public Banking

At the Alliance, we are always expanding our understanding of both the challenges and wisdom inherent in the land and rich cultures of New Mexico. One powerful example of a democratic practice that benefits all New Mexicans is our acequia system. The acequia...

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To Democratize Finance, We Must Take the Banks Away From the Bankers

By C.J. Polychroniou for Truthout | February 17, 2024 (Photo: LEONARDO MUNOZ / VIEWPRESS / GETTY IMAGES) Progressive economist Gerald Epstein explains how we can build a banking system that puts people over profit. Our current banking and financial system has...

Tlaib, AOC Revive Public Banking Act to Take on Wall Street

By Brett Wilkins for Common Dreams | December 13, 2023 Rep. Alexandria Ocasio-Cortez (D-N.Y.) speaks while Rep. Rashida Tlaib (D-Mich.) looks on (Photo: Zach Gibson/Getty Images) "Wall Street-run banks are failing to serve many of my residents who are struggling to...

Racial disparities in NY homeownership driven by higher interest rates, mortgage denials

By David Brand for Gothamist | November 1, 2023 (Photo by Jemal Countess/Getty Images) New York Attorney General Letitia James is calling on state lawmakers to tackle unfair credit and lending practices that fuel a staggering racial gap in homeownership and force New...

Retake Our Democracy Zoominar Panel on Public Bank Legislation

We had a great discussion panel with Retake our Democracy ahead of the 2023 Legislative session. October 26, 2022

Albuquerque local business consultant on how a State Public Bank can benefit our economy

AFLEP Leadership Team Member and Albuquerque”buy local” business advocate, Clifton Chadwick shares key economic reasons why he supports the creation of a State-Owned Public Bank. March 10, 2022

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