by Anthony Colombo | Jan 18, 2015 | News, Public Banking
ABOUT A CITY OF SANTA FE REVOLVING LOAN FUND The public’s funds not needed in the short term might be loaned to benefit the public good. As the borrower pays back the City they also pay interest. The interest paid over time will increase the loan fund. A revolving...
by Anthony Colombo | Dec 20, 2014 | Commercial Banking, Local Economies, News, Print Media, Public Banking, Small Business
While many of us understand the importance and benefit of public banks for stimulating local economies, there are many who have the opposite point-of-view and can present arguments that are reasonable, given their set of assumptions. It is important that we understand...
by Anthony Colombo | Nov 20, 2014 | Local Economies, News, Public Banking
In an article in The Wall Street Journal dated November 16, 2014 and entitled Shale Boom Helps North Dakota Bank Earn Returns Goldman Would Envy, Chester Dawson relates a largely factually correct representation of the Bank of North Dakota. However, the interpretation...
by Anthony Colombo | Nov 19, 2014 | Commercial Banking, Local Economies, News, Print Media, Public Banking, Small Business
One of the major roles of the Bank of North Dakota (BND) is to support small businesses within the state. This story, which was in the New York Times Blog, You’re the Boss — The Art of Running a Small Business on March 13, 2014, gives some detail about how...
by Anthony Colombo | Oct 31, 2014 | Announcements, News, Public Banking
The Santa Fe City Council approved a resolution to move forward on a study of the long-term benefits of a public bank for the City of Santa Fe. The resolution was sponsored by Mayor Javier Gonzales and Councilors Peter Ives and Joe Maestas. They were joined by...
by Anthony Colombo | Oct 27, 2014 | Announcements, News, Public Banking
Banking on New Mexico encourages you to attend the next meeting of the Santa Fe City Council to help move public banking forward. After approval by City of Santa Fe’s Finance Committee on October 20, 2014, the resolution for a feasibility study of the benefits of a...