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With meat plant closures and meat shortages on horizon, can cattle ranchers survive?
Photo by Cristina Carreon, NM Political Report By Christina Carreon, NM Political Report| May 11, 2020 A public bank could protect New Mexico’s cattle industry from future calamities and halt the current trend of decline by reinvesting NM state tax...
Small Banks Save Small Businesses, So Why Aren’t There More Small Banks?
Photo by Phil Trease / CC BY-NC 2.0 By Oscar Perry Abello, Next City| May 12, 2020 To bolster the local economy and support small businesses, we need institutions that support small banks. Local economy advocate Stacy Mitchell saw reports about how the...
Small Banks ‘Punched Above Their Weight’ for Paycheck Protection Program
Photo by Pictures of Money / CC BY 2.0 By Next City| May 8, 2020 Community banks become heroes of the pandemic as small business loans are approved quickly and without discrimination. Banks with less than $1 billion in assets hold just 6 percent of all the money in...
Report: Fewer Small Businesses are Receiving Federal Relief Loans in States Dominated by Big Banks
Photo: Sixth Street, Austin, Texas. (Photo courtesy Institute for Local Self-Reliance) By Stacy Mitchell, Institute for Local Self-Reliance | April 29, 2020 A significantly larger number of federal relief loans are reaching small businesses in states where...
New Start-Ups Face Tough Times
Photo: Engineers for 3D Glass Solutions work in a clean room in 2018. The company, which manufactures semiconductor chips, secured $12 million in capital last year. (Roberto E. Rosales, Albuquerque Journal) By Kevin Robinson-Avila, Albuquerque Journal | April 27 2020...
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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