by Angela Merkert, Executive Director, AFLEP — With the challenges in the financial system—banks closing, fintech gaining market space, interest rates rising—lending for small businesses is decreasing. One recent business article reported that the U.S. loan approval...
Task force says city faces many hurdles to creating a public bank
By Tripp Stelnicki | The New Mexican | November 20, 2017 Whether there will someday be a Public Bank of Santa Fe was not decided Monday night, but concerned community members got an earful of the myriad regulatory and capitalization hurdles that must be resolved or...Yes to Public Banking
Given the often “ungressive” character of its editorial positions, it comes as no surprise that The New Mexican advocates against a public bank for Santa Fe (“City must take care of finances,” Our View, Oct. 13). What is especially unattractive, however, is the...Mayor, council reluctantly keep Wells Fargo as city’s bank
By Tripp Stelnicki|The New Mexican|August 31, 2017 City councilors on Wednesday approved a four-year contract extension with Wells Fargo as the city’s fiscal agent. Councilors, both for and against the measure, expressed trepidation over the extension through 2021,...Goliath, not a David, likely wins Santa Fe banking contest
By Mark Oswald | Albuquerque Journal North SANTA FE, N.M. — The Santa Fe City Council, as a customer looking for the best deal, is now faced with something similar to the rancorous debate that took place when a new Super Walmart opened about a decade ago. Santa Feans,...Public Banking Task Force nominees confirmed
The Santa Fe City Council unanimously confirmed Mayor Javier Gonzales’ appointments to a new Public Banking Task Force on Wednesday. The seven-member task force is charged with determining the necessary procedures, timelines and requirements to establish a chartered...
Access to Capital in New Mexico is Tightening
The Movement To Stop Dollar Stores From Suffocating Black Communities
By AALLYAH WRIGHT for Capital B News | MAY 17, 2023 — Some say the stores—disproportionately found in low-income, rural, and Black areas—stifle economic growth and job creation and exacerbate food insecurity. For years, the Rev. Donald Perryman wondered why the...
SEED NM 2022 Symposium: Bob Mang on how business guilds can regenerate communities
SEED NM 2022 Symposium: Bob Mang on how business guilds can regenerate communities
Bob Mang, Re-Genesis Inc, Co-Founder (Retired) and AFLEP Board member, talks about rural economic development and how business guilds can regenerate communities.Jan 14, 2022
VIDEO Challenging Misinformation About a NM State Public Bank
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
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