Public Banking Workshops
This month during #UjimaWednesdays, Ujima Bostin is studying Public Banking! The series is designed to highlight the growing movement across the Commonwealth to bring a public bank to Massachusetts— Ujima’s flagship issue, in partnership with MA Public Banking, Black Economic Council of MA (BECMA), Black Mass Coalition (coalition members include, Ujima Boston, BECMA, North American Indian Center of Boston, King Boston, Young Abolitionists), and more.
The Massachusetts Public Bank will be a financially sustainable institution designed to address the needs of small businesses, community development institutions, municipalities, land trusts, and local agriculture. It will work cooperatively, not competitively, with Massachusetts community banks.
Making the Case for a Public Bank: CDFIs and Racial Equity
The next Ujima Open Meeting is TONIGHT on Zoom!
Wednesday, September 15th, from 6:00pm-8:30pm.
Time: Wednesday, September 15th, 6PM | Location: Zoom Only
6:00-7:15p #CoLearn: Massachusetts Public Banking with Michael Swack and Gerardo Espinoza.
Michael Swack is a professor at the University of New Hampshire, where he has appointments at the Carsey School of Public Policy and at the Peter T. Paul College of Business and Economics. He directs the Center for Impact Finance and the Master’s Program in Community Development, a program designed for adult practitioners. At Carsey, he is working on building scale in the community development finance sector, innovations in community development finance, microfinance, and sustainable energy financing. He also directs the Financial Innovations Roundtable (in collaboration with the Board of Governors of the Federal Reserve).
Gerardo Espinoza has served as Executive Director of LEAF for the last nine years, spearheading the Fund’s growth at the national level and developing financing programs and technical assistance to small businesses in Massachusetts. He joined LEAF after spending many years in the commercial banking and investment management field. His background includes ten years as a Vice President at First National Bank of Chicago, and 15 years in investment management in the positions of Portfolio Manager and Senior Vice President with Baring Asset Management and John Hancock funds. Gerardo serves as an advisory member of the annual Federal Reserve’s Financial Innovations Roundtable, a member of the Boston Federal Reserve’s Working Group on Wealth Inequality, and a board member of the Food Coop Initiative, the Boston Industrial Development Financing Authority, and Third Sector New England.
7:15-8:30 PM #CoCreation: No Member Team Meetings this week.
PLEASE RSVP. Thank you!
- Sept 15th – Public Banking with Bankers for Public Banking
- Sept 15 – No Member Team Meetings
Public Banking Movement and Legislation Recap
Last week, Ujima Boston launched their learning series on public banking with the Massachusetts Public Banking Coalition, hearing from Christine Desan and Nadav Orian Peer about the public banking movement and legislation. Check out the link to view the full video and notes here.