The Washington Examiner, By T.A. DeFeo | The Center Square January 5, 2022 New Jersey Gov. Phil Murphy said he intends to follow through with plans to open a state-owned bank. In November 2019, Murphy signed Executive Order No. 91 to create the Public Bank...
Photo courtesy Heady NJ By Dan Uloa, Heady NJ | June 8, 2021 NJ Cannabis entrepreneurs often have great difficulties thriving in the industry due to a lack of capital. A Public Bank could change that. Campaign Organizer of Brandon Castro of the NJ Work...
By Alan Kline, Laura Alix, Kevin Wack, Andy Peters, Dean Anason, Jon Prior, Penny Crosman, AMERICAN BANKER | Jan 12, 2020 In banking circles, the biggest story of 2019 was unquestionably the blockbuster merger between longtime rivals BB&T and SunTrust...
photo courtesy of Bank of North Dakota Democratic Gov. Phil Murphy wants New Jersey to become the second state with a public bank in the United States By Mike Catalini, Associated Press / Dec 20, 2019 TRENTON, N.J. (AP) — New Jersey Democratic Gov. Phil Murphy...
Democratic Gov. Phil Murphy. By Phil Murphy – Phil Murphy for Governor (CC BY 2.0) By Mike Catalini, Associated Press / Nov 13, 2019 NEWARK, N.J. (AP) — New Jersey would become the second state with a publicly run bank — after North Dakota and its...
photo: NJTV News – The new board will be led by Marlene Caride, right, Gov. Phil Murphy’s Banking and Insurance commissioner. By John Reitmeyer, NJSpotlight Budget / Nov 13, 2019 North Dakota is currently the only state with such an institution, backed wholly...
We Listened! Thank you to the many who responded to our Supporter Survey. You told us you want to hear more about the working details of a Public Bank of
We Listened! Thank you to the many who responded to our Supporter Survey. You told us you want to hear more about the working details of a Public Bank of New Mexico and the populations it would serve. We heard you! Please sign up to attend one of three Alliance Webinars on Zoom available to everyone.
AFLEP continues to be a voice for investment in New Mexico community and rural development. The needs are great and we can do better. Let’s take risks and think more creatively, encourage innovation and determine how to expand New Mexico’s financial capacity to make more investments than are currently possible. More focus on desired outcomes; collaboration of nonprofit advocacy groups, state departments, even private investors, and, ideally, a public bank; and more attention to equity in that financing are needed.
Each webinar will use a geographic area of New Mexico as an example of how the Public Bank will benefit our communities. Please sign up for the webinar of your choice. Registration is required. Sign up here.
Wednesday, November 30 at noon – Highlighting the Gallup / Four Corners area
Wednesday, December 7 at 6pm – Highlighting Las Cruces / Deming / Silver City area
Wednesday, December 14 at noon – Highlighting Raton / Las Vegas / Taos area
March 10, 2022 | by Shawn Donnan, Ann Choi, Hannah Levitt and Christopher Cannon
When Mauise Ricard III paid a $560.43 application fee to Wells Fargo & Co. on Valentine’s Day in 2020 to refinance his mortgage on a four-bedroom brick colonial in a leafy suburb of Atlanta, he had every reason to expect an easy ride. The Microsoft Corp. engineer is married to a doctor and has a credit score north of 800, putting him in America’s credit elite. The loan officer at the bank even told him he was probably eligible for a fast-track appraisal.
Bob Mang, Re-Genesis Inc, Co-Founder (Retired) and AFLEP Board member, talks about rural economic development and how business guilds can regenerate communities.
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.”