Posted On January 16, 2025
By PBLA Admin
Los Angeles faces $250B in wildfire damage, projected to be the worst natural disaster in U.S. history. Instead of paying Wall Street to rebuild, a public bank can keep our dollars local, funding critical services and projects. The devastation is immense, but so is the resilience of Angelenos.
To rebuild homes, schools, and businesses, the city shouldn’t rely on costly Wall Street bonds. A public bank keeps recovery dollars local, financing wildfire prevention and rebuilding efforts while reinvesting in our communities.
If you or someone you know needs help right now, here’s a list of resources, including food, water, and shelter.
Be part of the solution. Join the #PublicBankLA movement to build a stronger, more resilient LA: bit.ly/pblavolunteer.
Read our January 2025 newsletter: https://mailchi.mp/fd263ac68585/lawildfires.
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Posted On November 11, 2024
By PBLA Admin
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...
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Posted On September 8, 2024
By PBLA Admin
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!
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Posted On August 2, 2024
By PBLA Admin
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.
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Posted On July 26, 2024
By PBLA Admin
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...
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