Press Room & Media
In the News
San Francisco Green-Lights Nation’s First City-Run Public Bank
By Sydney Johnson for KQED | SEPTEMBER 8, 2023 Photo: A Muni bus passes by City Hall in San Francisco on Aug. 8, 2023. (Beth LaBerge/KQED) After years of pressure from financial equity advocates, San Francisco supervisors this week unanimously approved a plan for the...
After years of ups and downs, Los Angeles moves forward on creation of a public bank
By CHARLOTTE KRAMON for Los Angeles Times | JULY 6, 2023 Photo: Assemblyman Miguel Santiago, left, presents Assemblyman David Chi a sign after Chiu’s measure to let California cities create their own public banks was approved by the Assembly in 2019. (Rich Pedroncelli...
Public Banking Efforts Are Gaining Momentum And Clarity In California
By Oscar Perry Abello for NextCity | JUNE 27, 2023 — From Los Angeles to the East Bay, major public banking plans are emerging from California cities. Prince Osemwengie has been looking into every tool in the toolbox to help stem the tide of local businesses...
What Ohio’s Co-op Evangelists Learned From Spain’s Thriving Union Co-op Network
By Cinnamon Janzer for NextCity | June 21, 2023 — Inspired by Spain's pioneering Mondragon worker-ownership movement, Co-op Cincy recently returned to the Basque region to uncover how they can take their work to the next level. For his 91st birthday three...
Congressman Danny K. Davis Introduces National Infrastructure Bank Bill H.R.4052
On June 13, 2023, Congressman Danny Davis introduced the National Infrastructure Bank Bill H.R.4052 into the 118th Congress. The bill calls for a $5 trillion National Infrastructure Bank (NIB) to build all the Nation’s infrastructure. As noted on Congress.gov,...
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...
What Silicon Valley Bank’s Collapse Says About Banking And Community
By Oscar Perry Abello for NextCity | MARCH 13, 2023 — Focusing on wealthy people and their startup investments is not a sign of good risk management at a bank. Banking has never been about avoiding risk. It’s about managing risk. For years, especially...
Will a public bank prove recession-proof for East Bay cities?
By KATIE LAUER for SiliconValley.com | February 26, 2023 — Financial lending would focus on affordable housing, small business, green energy and municipal finance Image above: Trader Michael Gallucci works at his post on the floor of the New York Stock Exchange,...
Local Governments’ Vital Role in Getting Small Businesses the Funding They Need
Opinion by Ilana Preuss for Governing.com | February 14, 2023 — Due to racial bias and other disparities, too often they aren’t “bankable” and struggle to obtain loans essential for their success. Some programs are leading the way in achieving more-equitable...
First New Black Bank In 20 Years Breaks The Mold For Raising Startup Capital
By Oscar Perry Abello for NextCity | February 14, 2023 Adelphi Bank in Columbus, which raised $20 million in startup capital, marks the country’s first new Black bank since 2003. Jordan Miller never thought it was in the cards for him to help start a new...
Access to Capital in New Mexico is Tightening
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...
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...
Retake Our Democracy Zoominar Panel on Public Bank Legislation
Retake Our Democracy Zoominar Panel on Public Bank Legislation
We had a great discussion panel with Retake our Democracy ahead of the 2023 Legislative session. October 26, 2022
Albuquerque local business consultant on how a State Public Bank can benefit our economy
Albuquerque local business consultant on how a State Public Bank can benefit our economy
AFLEP Leadership Team Member and Albuquerque”buy local” business advocate, Clifton Chadwick shares key economic reasons why he supports the creation of a State-Owned Public Bank. March 10, 2022
Episode: Everyone deserves a public bank
“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