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AFLEP About Contact Leadership Team Advisory Board Our Story Jobs Public Banking for New Mexico A Public Bank Defined FAQs Public Banking in New Mexico The National Movement Bank of North Dakota Resources In the News In the News AFLEP in New Mexico Press & Media Press Releases Case Statement History Timeline Fact Sheet Glossary of Banking Terms Videos Podcasts Get Involved Ways to Get Involved Endorsers Gallery Allied Organizations Add your Personal Endorsement Add your Organization’s Support Enews Signup Events Calendar Donate Select Page Keeping New Mexico’s Revenue Safe, Local, and Working How a Public Bank Will Strengthen NM Finance Farm in the Agri-Cultura Network in South Valley, NM. From our videoGrowing a Prosperous Future ” by LittleGlobe The Public Bank of North Dakota has kept their public funds safe, local and working for more than 100 years. At the end of 2022, BND reports an ROI of 19% and assets totaling $10.2 billion Photos courtesy BND.com How Can a State Public Bank Support Our Communities? Infrastructure, Renewable Energy, Agriculture, Economic Development & Recovery Researcher and interns of Sandia Labs at Pueblo of Acoma discuss photovoltaic solar panel. Photo courtesy Sandia Labs via Wikimedia Commons. The Alliance for Local Economic Prosperity (AFLEP) is a state-wide nonprofit advocating for increased investment in local economic prosperity for New Mexicans. Equitable access to capital is a priority, especially for rural community development, small business entrepreneurs and adaptive regenerative agriculture practices. A Public Bank of NM holding deposits of the state’s revenue (taxes and fees) would be a tool to increase investments in New Mexican communities rather than those funds being held by global banks making investments outside the state. Learn more: Why a Public Bank? Ways to Get Involved Enews Signup Opening the Door to Thriving New Mexico Communities Our focused work throughout 2023 has built the case and secured the allies we need to move a Public Bank of New Mexico (PBNM) from visionary dream to legislative reality. As we begin our North Central Regional outreach project, and prepare our legislation for passage in the 2025 session, we turn to YOU, our tried and true supporters, to ensure we are well-resourced for a strong sprint in the home stretch. Generous AFLEP donors are matching contributions 1:1 up to $20,000! Donate today and DOUBLE your impact toward policy change that directly invests in New Mexicans! Donate Now to Double your Impact Watch our 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. Endorse a Public Bank for New Mexico Endorse a public bank so public officials and friends know you support public banking and why. Jesse Guillen read quote Senator Peter Wirth Sawtell, Wirth & Biedscheid, P.C. read quote Paul Gibson Gibson & Associates read quote Carmen Lopez read quote Glenn Schiffbauer Executive Director Santa Fe Green Chamber of Commerce read quote Ellen Brown Author & Founder Public Banking Institute read quote Endorsements from community members and leaders across New Mexico are extremely helpful to us, as we speak with Legislators – to show the growing support for public banking. View Full Endorsers GalleryAllied Organizations that support what a State Public Bank can do for our economy Add Your Organization’s Support Read Statement Read Statement Read Statement Read Statement Read Statement Read Statement Read Statement Read Statement Read Statement View All Allied OrganizationsNational News Banking For The People: New E-book by Next City & CommonFuture Mar 19, 2024 by Next City & CommonFuture — Our mainstream banking system is failing most of us. This ebook includes stories about the people and organizations working to make the system work better for everyone — no matter their race, zip code or socioeconomic status. It’s not... To Democratize Finance, We Must Take the Banks Away From the Bankers Feb 19, 2024 By C.J. Polychroniou for Truthout | February 17, 2024 (Photo: LEONARDO MUNOZ / VIEWPRESS / GETTY IMAGES) Progressive economist Gerald Epstein explains how we can build a banking system that puts people over profit. Our current banking and financial system has... Tlaib, AOC Revive Public Banking Act to Take on Wall Street Dec 13, 2023 By Brett Wilkins for Common Dreams | December 13, 2023 Rep. Alexandria Ocasio-Cortez (D-N.Y.) speaks while Rep. Rashida Tlaib (D-Mich.) looks on (Photo: Zach Gibson/Getty Images) "Wall Street-run banks are failing to serve many of my residents who are struggling to... OLDER NEWS ENTRIESNew Mexico News How is Public Banking like Acequia Culture? Mar 14, 2024 At the Alliance, we are always expanding our understanding of both the challenges and wisdom inherent in the land and rich cultures of New Mexico. One powerful example of a democratic practice that benefits all New Mexicans is our acequia system. The acequia... A New Mexico public bank is no gamble Jan 5, 2024 MY VIEW - ANGELA MERKERT — Santa Fe New Mexican | January 5, 2024 A recent Ringside Seat column by Milan Simonich (Another $3.4 billion makes legislators dangerous,” Jan. 2) raised questions regarding legislator support for creating a state public bank... Shop Small, Save Money During New Mexico’s Small Business Saturday Gross Receipts Tax Holiday Nov 20, 2023 Small Business Saturday is November 25, 2023 Santa Fe, N.M. – The New Mexico Departments of Economic Development, Tourism, and Taxation and Revenue encourage New Mexicans and visitors to shop at small businesses first during the holiday season. While shoppers may not... OLDER BLOG ENTRIESUpcoming Events Current Month No Events on The List at This Time See All Events 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 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 WATCH MORE AFLEP VIDEOSPublic Banking Institute Accross the nation, more than 25 initiatives and 50 grassroots organizations are advocating for the chartering of public banks. Learn more about the National Movement and the work of our national affiliate, the Public Banking Institute . Signup for Public Banking Institute’s newsletter New Mexicans deserve the prosperity a public bank has provided North Dakotans North Dakota had the lowest unemployment rate in the nation during the 2007-08 recession. Current May 2023 rates: North Dakota, 2.1%; U.S., 3.7%; New Mexico, 3.5%. Bank of North Dakota (BND) has added to the state’s annual operating budget $300+ million over the past 10 years. North Dakota community banks are thriving because of their partnerships with BND: 10 community banks per 100,000 population, the highest in the U.S. Founded in 1919 with $2 million in capital, BND reported assets of $7.0 billion at the end of 2019 , their 100th anniversary. In 2022, their assets were $10.2 billion. BND originated or renewed 15,696 loans to state...