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Public Banking Month at
Ujima Recap
This month during #UjimaWednesdays we studied Public Banking! The series was 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.
Learn more about MA Public Banking on theirwebsiteandFacebook.
MA Public Banking Movement and Legislation
We launched our learning series on public banking with theMassachusetts Public Banking Coalition. We heard from Christine Desean and Nadav Orien Peer about the public banking movement and legislation.
We continued our learning series on public banking with a focus on CDFIs (Community Development Financial Institutions) and racial equity. We heard from Michael Swack and Gerardo Espinoza about the role of CDFIs in advancing racial equity initiatives across the state.
Black and Indigenous Ecosystem Support for Public Banking
We concluded our learning series with a focus on Black and Indigenous ecosystem support for public banking. We heard from Greg Ball of King Boston, Matt Brewster of P2 Advisors, Jean-Luc Pierite of North American Indian Center of Boston, Kassie Infante of Black Mass Coalition, Segun Idowu of BECMA, and Corean Reynolds from The Boston Foundation.
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