Press Room & Media
In the News
Racial bias in L.A. home loans – City National Bank reaches $31m settlement with DOJ
By Michael Finnegan for Los Angeles Times | January 12, 2023 City National Bank has agreed to pay $31 million to settle a U.S. Justice Department lawsuit alleging racial bias in its home mortgage lending in Los Angeles County. The government’s complaint,...
A Policy Renaissance Is Needed for Rural America to Thrive
By Tony Pipa, senior fellow at the Center for Sustainable Development at the Brookings Institution. Opinion in New York Times | December 27, 2022 (Emphasis by AFLEP) In what has become a postelection tradition, there has been no shortage of analysis the past several...
Millions of ‘unbanked’ Americans lack adequate access to financial services
By Paul Solman & Diane Lincoln Estes, PBS News Hour | December 26, 2022 It's not well known, but about 4.5% of U.S. households are unbanked, meaning no one in the house has a checking or savings account. The rate declined during the pandemic because people...
Community-Owned Commercial Real Estate Is Having A Moment
By OSCAR PERRY ABELLO at NEXT CITY Earlier this year, Crystal Ortiz started walking up and down Kensington Avenue looking for a proper storefront she could rent out for her growing business. When she found it right down the street, she was delighted that she didn’t...
NM Awarded Grant to Help Small Businesses Cultivate Global Marketplace
New Mexico Economic Development Department (EDD) Cabinet Secretary Alicia J. Keyes announced Monday that the state has been awarded a $250,000 STEP grant from the U.S. Small Business Administration to help small businesses cultivate the global marketplace. The State...
Listen: AFLEP on KNCE True Taos Radio 🎙
KNCE's Chris Pieper invited AFLEP Outreach Coordinator, Sarah Manning, as well as Hamilton Brown and Diane Schiffen, on his radio show to talk about Local Economies. The show is called "Living with Earth" on 93.5 True Taos Radio, and Chris is also a small business...
Acequias face challenges, uncertain future
Paula Garcia, executive director of the nonprofit New Mexico Acequia Association (NMAA), is optimistic that determination combined with state and federal resources can make the damaged ditches vital again. But she is haunted by the fear that fire and flood may have...
Study: NM would lose 1/5 of businesses without Hispanic entrepreneurs
by Spencer Schacht | KOB A new study ranks New Mexico as the most Hispanic-dependent economy in the U.S. It found the Land of Enchantment has the most Latino-owned businesses nationwide. The study published by Creditos En USA found that in New Mexico one of every five...
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
VIDEO: Growing a Prosperous Future
VIDEO: Growing a Prosperous Future
Watch our new video about one incredible farm cooperative in Central New Mexico, which provides food, trains farmers, and incubates businesses, talk to us about the financing challenges faced by farmers and small businesses. A Public Bank in New Mexico could be a vital resource to invest in local food production, job creation, and a stronger local economy. Oct 6, 2022
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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