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Philadelphia Bill Would Establish First Ever Municipal Public Bank Entity
NEXT CITY, by Oscar Perry Abello February 17, 2022 The stated mission of the proposed Philadelphia Public Financial Authority is to support Black-owned businesses and other businesses in neighborhoods that have historically lacked access to credit. (photo:...
Public Banks: What Are They, and How Might They Impact Workers?
ONLABOR, By Travis Lavenski January 12, 2022 (Above: First State Bank, Osnabrock North Dakota) Since the Great Recession in 2008, a surge of discourse regarding public banking has emerged. Commonly pushed as a core piece of progressive legislation, states...
Murphy vows to follow through with plans on New Jersey public bank
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...
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...
Transforming the State’s Economy with a Public Bank
By Dorothy Gamble — Green Fire Times | Jan/Feb, 2022 Currently, New Mexico’s money—three to nine billion dollars on any given day—is deposited and managed globally for profit elsewhere. The proposed Public Bank of New Mexico (PBNM) would safely invest our taxes and...
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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