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Downturns may be the best time to start a bank with a mission to serve underserved or disinvested communities
Southside Community Development and Housing Corporation recently obtained a loan from Virginia Community Capital to purchase this building and the vacant lot next door to provide rental units for prospective first-time homebuyers. (Photo courtesy Dianna Bowser) By...
Industrial Commission Approves New Bank of North Dakota COVID Relief Program
Photo by Bank of North Dakota By Bank of North Dakota | September 23, 2020 The Industrial Commission approved a $50 million interest buydown program to be administered by Bank of North Dakota (BND) for businesses with decreased revenue related to the COVID-19...
Public banks offer advantages to customers
Graphic courtesy Public Banking Institute By Frank Sanitate, Santa Barbara News-Press | October 18, 2020 Both community wealth and private wealth are important. But private wealth has a significant advantage which communities are not taking advantage of now....
Philadelphia Examining Whether Public Deposits Can Close Racial Disparities in Small Business
Photo by ByteForByte / CC BY-NC-ND 2.0 By Oscar Perry Abello, Next City | October 8, 2020 Banking is personal for Derek Green. After graduating high school in 1988, he landed a summer internship with Meridian Bank in Philadelphia’s exclusive Society Hill...
Bank of Philadelphia? Study says a public bank could help small biz survive COVID
Photo courtesy Pixabay By Darryl C. Murphy, The Philadelphia Tribune | October 2, 2020 An independent report commissioned by the City of Philadelphia recommended the creation of a public bank that would allow city government to loan directly to small businesses. The...
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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