Local Economies – Alliance for Local Economic Prosperity

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...

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...

Will a public bank prove recession-proof for East Bay cities?

by Leila Salim | Mar 10, 2023 | California, Economics, Local Economies, National, News, Public Bank, Public Banking

By KATIE LAUER for SiliconValley.com | February 26, 2023 — Financial lending would focus on affordable housing, small business, green energy and municipal finance Image above: Trader Michael Gallucci works at his post on the floor of the New York Stock Exchange,...

Local Governments’ Vital Role in Getting Small Businesses the Funding They Need

by Leila Salim | Feb 15, 2023 | Economics, Equity, Local Economies, National, News, The Unbanked

Opinion by Ilana Preuss for Governing.com | February 14, 2023 — Due to racial bias and other disparities, too often they aren’t “bankable” and struggle to obtain loans essential for their success. Some programs are leading the way in achieving more-equitable...

Study: NM would lose 1/5 of businesses without Hispanic entrepreneurs

by Leila Salim | Nov 28, 2022 | AFLEP in New Mexico, Local Economies, New Mexico, Uncategorized

by Spencer Schacht | KOB A new study ranks New Mexico as the most Hispanic-dependent economy in the U.S. It found the Land of Enchantment has the most Latino-owned businesses nationwide. The study published by Creditos En USA found that in New Mexico one of every five...

Hear Us: Public Banking for Racial Justice

by Michelle Mosser | Jun 10, 2022 | Local Economies, National, News, Public Banking

(Credit: Public Bank NYC) Op-Ed: At a time when unchecked corporate profiteering masquerades as inflation, a proposed NYC public bank would center the interests of, and fund projects for, Black and Brown communities. Next City Op-Ed | By Lebaron Sims, June 8, 2022...

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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