News from the Field

All Things Public Banking

Congratulations to BECMA

Persistance and data have sparked a change in how the Governor's office awards state contracts, as this story in the Boston Globe notes. In January, BECMA, the Black Economic Council of Massachusetts, urged changes in how state contracts are awarded. They made a...

Pandemic Stimulus Will Accelerate Wealth and Income Inequality

The pandemic is accelerating both income- and race-based wealth and income inequality in the U.S. in several ways: the pandemic economic stimulus programs, the distribution of unemployment, and overproportionate deaths in Black and Latinx communities by Richard...

A Massachusetts Infrastructure Bank funds disaster relief and preparedness

This piece was originally presented by steering committee member Steve Snyder as testimony in support of the Massachusetts Infrastructure Bank bill when it was first filed in 2017. The coronavirus makes the ability of public banks to ease crisis-caused economic...

“Infrastructure is boring!”

The Covid-19 pandemic has focused the attention of public bank advocates on immediate economic needs: small business loans, municipal finance in the face of a tax base collapse, and how to support the unemployed and vital non-profits, such as hospitals and food banks....

Whately Selectboard endorse H935/S579

On March 11, the Selectboard for the town of Whately unanimously voted to support H935/S579, An Act Establishing the Massachusetts Infrastructure Bank. As the board pointed out... As its name provides, H935 focuses its efforts on mitigating chronic deficiencies in our...

Poole and Girling: “Public banking would help speed the economic recovery from COVID-19”

Public vs Private BankingIsaiah Poole, editorial manager of the Next System Project at the Democracy Collaborative, and Rick Girling of the California Public Banking Alliance, offer a clarion call for state and city public banks in today's The Hill. They emphasize...

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