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We’ve put together essential resources to support the push for public banking in Los Angeles and beyond! Check out the strategies that are driving real change in cities across the state. Our resources include lending and investment reports, business plans, municipal documents, and organizing tools from the LA public banking movement. Public Banking Movement Resources Public Banking in California Webinar With the federal landscape up in the air, there’s no better time to double down on local, community-driven change. Join us online on November 19th at 10am PST for a conversation on the transformative potential of public banks in California. We’ll cover how public banks can support local economic growth, fund affordable housing, and expand financing options for small businesses in communities of color. Hear about the steps to establish public banks statewide and how philanthropy can play a key role in bringing this vision to life. Our speakers include Bianca Blomquist from Small Business...

People power for public banking! Huge shoutout to our amazing community coalition partners Inclusive Action for the City, United Parents and Students, ACCE Action, SEIU 721, and the Public Bank LA team! We took over LA City Hall with a full day of meetings, urging council offices to fund the Los Angeles Public Bank plan. Our message was clear: The city has the opportunity to save over $1 billion a year in Wall Street fees and reinvest in our communities—affordable housing, clean energy, schools, and support for Black and Brown small businesses are all within reach. Let’s get those funds allocated and start building a future where our public funds work for LA’s working families. Special shoutout to Councilmember Hugo Soto-Martinez for championing public banking, and to Councilmember Eunisses Hernandez for meeting with our advocacy teams and standing strong with us in the movement to support Main Street! Follow us @publicbankla on Instagram to see our latest updates!

Check out our latest newsletter: Join us for Advocacy Day at LA City Hall on August 21! We’ll be meeting with council offices to urge immediate funding for the public bank plan. A Los Angeles Public Bank could save over $1 billion annually, lower borrowing costs, and fund local needs like affordable housing and clean energy projects. Don’t miss our prep call on August 15th to get ready! Read our August 2024 Newsletter HERE.

Join coalition leaders from ACCE Action, Inclusive Action for the City, SEIU 721, United Parents and Students, and Public Bank LA as we meet with council offices to urge immediate funding for the public bank plan. When: Wednesday, August 21st, 1:30pm-5pmWhere: Los Angeles City Hall Why it matters: The city has already released the public bank RFP and selected consultants to write the plan. In May 2024, LA City Council unanimously voted for the second time to move forward with funding. We’re urging the City to allocate the funds immediately so the consultants can begin their work. A Los Angeles Public Bank could save over $1 billion annually in Wall Street banking fees, lower borrowing costs, and create new revenue streams to address budget deficits. With a small budget allocation, the city will create a financial plan to leverage its assets, save money, and better fund local needs such as affordable housing, clean energy projects, schools, and support for Black and Brown small businesses...

Press coverage from our CalAccount briefing on the release of the HR&A Report “The Case for CalAccount,” highlighting its economic impact. Saving Californians $3.1 billion annually in fees, CalAccount could inject nearly $5 billion yearly into the economy, creating jobs and addressing banking access disparities for Black and low-income households in urban and rural areas. Read and download the report here. CalAccount in LAist: Californians face hurdles like account minimums, overdraft fees and ID requirements when opening bank accounts. That’s why CA is considering CalAccount, a no-cost, state-managed banking platform free from fees and penalties, aiding the unhoused and ID-less. KPFA covers CalAccount: 20% of California households cannot access basic financial services such as basic savings, checking accounts, and debit cards. CalAccount can save Californians $3.5 billion per year. KPFA: https://kpfa.org/episode/the-pacifica-evening-news-weekdays-june-26-2024/ Listen...