by Angela Merkert, Executive Director, AFLEP — With the challenges in the financial system—banks closing, fintech gaining market space, interest rates rising—lending for small businesses is decreasing. One recent business article reported that the U.S. loan approval...
Bank of Washington? States consider opening government banks
The Seattle Times, By Elaine S. Povich | stateline.org December 19, 2021 Unlike commercial banks, the mission of public banks would be to invest in public priorities such as affordable housing, small business loans or infrastructure projects. Most could offer...
California Has a Plan to Restore Trust in Banking
Photo by Fabian Blank on Unsplash By Oscar Perry Abello, Next City | June 22, 2021 Sofia Lima aspires to be a teacher again. Four years ago, she’d just finished her first year as a teacher in Guatemala, when, due to circumstances beyond her control, she decided...
Free banking in California? New bill tackles access and racial equity
Photo by Jerome Strauss, Flickr (CC BY-SA 2.0) By Margot Roosevelt, Los Angeles Times | April 6, 2021 Escalating overdraft charges. Minimum balances. High ATM, check-cashing and debit card fees. Banking can be expensive, especially for low-wage workers. A score...
California Leaders Propose Nation’s First Public Banking Option
Photo by Eduardo Soares on Unsplash By Jana Kadah, Bay City News Service | March 31, 2021 California is presenting a different public banking model than New Mexico’s, which would not offer personal bank accounts Five California legislators are...
Legislator seeks to create free banking services for Californians
California capitol building in Sacramento. Photo by Mathieu Thouvenin, Flickr (CC BY-NC-ND 2.0) By Mark Anderson, Sacramento Business Journal | March 29, 2021 Los Angeles Assemblymember Miguel Santiago has introduced legislation that would form a state panel to...
Access to Capital in New Mexico is Tightening
The Movement To Stop Dollar Stores From Suffocating Black Communities
By AALLYAH WRIGHT for Capital B News | MAY 17, 2023 — Some say the stores—disproportionately found in low-income, rural, and Black areas—stifle economic growth and job creation and exacerbate food insecurity. For years, the Rev. Donald Perryman wondered why the...
SEED NM 2022 Symposium: Bob Mang on how business guilds can regenerate communities
SEED NM 2022 Symposium: Bob Mang on how business guilds can regenerate communities
Bob Mang, Re-Genesis Inc, Co-Founder (Retired) and AFLEP Board member, talks about rural economic development and how business guilds can regenerate communities.Jan 14, 2022
VIDEO Challenging Misinformation About a NM State Public Bank
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
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