Mass Public Banking

Statewide volunteer group working to promote public banking in Massachusetts

[Mass Public Banking @MassPublicBank]

Small Business Admin staff cuts, tighter regs, and abandonment of programs that help women and people of color start and succeed as entrepreneurs increase the urgency for Massachusetts to pass H1114 and establish its own public bank. https://t.co/UGdjIGyOi5

[Mass Public Banking @MassPublicBank]

Ohio public banking advocates call for legislation to study, pilot, and implement a public bank. "At a time when economic uncertainty is surging, and trust in financial institutions is at a historic low, public banking offers a path forward." https://t.co/vXErnIThwP

[Mass Public Banking @MassPublicBank]

Happy to have the opportunity to introduce the Mass Public Banking coalition and the power of public banks to the Joint Committee on Financial Services today. Public banks are a potent strategy for community economic development--now's the time!

[Mass Public Banking @MassPublicBank]

A survey finds that statewide, 54% of New Yorkers support public banking while only 12% oppose it. Black, Latino, younger and middle-income New Yorkers showed the highest rates of support. https://t.co/LfZVfzOv68

[Mass Public Banking @MassPublicBank]

NYC's public bank campaign focuses on the link between bank profits, housing speculation, and housing insecurity. Public funds in a public bank can be invested in tenant-owned housing and community land trusts, benefitting city residents. https://t.co/8FcF2yjnZ6

[SF Public Bank Coalition @sfpublicbank]

City Report shows how a Public Bank unlocks Social Housing 🔓🏙️

The low-cost credit a public bank provides makes socially beneficial projects possible.

[Geeta @geeta_minocha]

This stuff just makes my day. 😊🥹

From a colleague @OHPublicBank who attended the DNC this week:

[Public Bank Los Angeles @publicbankla]

A Public Bank would recapture public funds sent to Wall Street. It will have baked-in environmental & racial justice mandates, aligning investments & lending with community values. It's time to put people & planet over corporate profits! 🏦♻️

[Public Bank ATX @PublicBankATX]

🚨 NEWS! 🚨

Next week, Austin City Council members could vote to kickstart a feasibility study for the creation of a “public bank,” which “is owned and operated by a public institution, such as a municipal government,”

Thank you @CMZoQadri!
#ATXCouncil
https://t.co/6JQonI0zyW

[New Economy Project @NewEconomyNYC]

Now imagine all the money our government deposits in banks. Our study found NYC's deposits & investments in banks annually generates emissions equivalent to adding 160,000 cars to city streets ☠️

We need a public bank! @CarlHeastie @AndreaSCousins pass the NY Public Banking Act!

[Truthout @truthout]

Progressive economist Gerald Epstein explains how we can build a banking system that puts people over profit.

https://t.co/BF6F110XPq

[Partnership for Financial Equity @Fin_Equity]

Nearly 20 percent of businesses across the state are located in neighborhoods that are majority minority but those businesses receive 13.7 percent of the number of loans and 12.3 percent of the amount of dollars loaned. Read our new report w @WoodstockInst https://t.co/IdXAuc4u4c

[Mass Public Banking @MassPublicBank]

Thanks @Incorruptibl_MA for inviting us on the show and for your great questions and comments! Listeners who are interested in finding out more about public banking and H.975/S.632, "An Act to Establish a Massachusetts Public Bank," check out https://t.co/aGYX4XTaac.

[IncorruptibleMass @Incorruptibl_MA]

Today we talk about public banking--what it is, why it matters, and how you might be helped by it, as well as the political movement for and history of public banking. Full episode at https://t.co/w58XsRqoDJ

[Mass Public Banking @MassPublicBank]

"A Banker’s Case for Public Banking"--In MA and across the US, public banks are key to a new financial system where banks, innovative institutions, CDFIs and MDIs work together to close the racial wealth gap & build local economies. https://t.co/MfMqDZiOCn via @npquarterly

[Mass Public Banking @MassPublicBank]

In Washington state, organizers are going to voters, local groups, and local government to build support for a proposed public bank that would offer an alternative to the bond market to fund municipal infrastructure projects. https://t.co/QJZj14pjQC

[Mass Public Banking @MassPublicBank]

Public banking advances in Sacramento!

[California Public Banking Alliance @capublicbanking]

Great news from California's state capital! The City of Sacramento has formally released an RFQ to conduct a viability study for a public bank. The bid details are in the link below. California's public banking movement is on a roll!
https://t.co/wb6srYIniQ

[Thomas Marois @Thomas_Marois]

Congratulations @RepRashida and @RepAOC 🎉

A hugely important initiative. #Publicbanks are not novel or new, but exist in every corner of the earth. They can be made democratic, green, and inclusive. The Public Banking Act represents state-of-the-art legislation to this end.

[Mass Public Banking @MassPublicBank]

A public bank can address inequities in financing, support small businesses & farms, address municipal & climate needs, and work with local banks & CDFIs. See our testimony in support of H.975/S.632 "An Act to Establish a Massachusetts Public Bank." https://t.co/p1nWM3muZl

[Mass Public Banking @MassPublicBank]

Thank you Sen. Eldridge, Rep. @MikeConnollyMA, Rep. Cabral, and everyone who spoke in support of S632/H975 today. Great questions from Financial Services members, great answers from community economic development, finance, and legal experts. #PublicBanksNow

[Jamie Eldridge @JamieEldridgeMA]

Imagine if #Massachusetts had a #publicbank, lending $ to people, businesses & municipalities traditionally not served by private banks. To help families start a business, or towns/cities do infrastructure projects! I’m proud to file S632/H975 w/ @MikeConnollyMA & Rep Cabral!

[Mass Public Banking @MassPublicBank]

A "public utility approach to banking" would help break cycles of speculation and bail-out and ensure that everyone who wants a bank account can get one affordably. "Banks provide a public service. Let’s make them public utilities." https://t.co/mIBBC58PRy