The Massachusetts Public Banking campaign, a sponsored project of Alliance for Democracy, is organizing for a 2021 refiling of our bill to create a public bank to fund municipal infrastructure projects. We are also assessing potential changes to the bill to help the state build a more just and resilient economy following the COVID-19 pandemic.
Our steering committee is looking at how to broadly define infrastructure in order to win more municipal and public support, as well as considering whether the bank should be empowered to lend directly to small businesses as well as cities and towns. Steering committee members are also very aware that the economic crisis brought about by the COVID-19 pandemic could easily be a precursor for more long-lasting disruption caused by climate collapse. That realization makes our work all the more urgent.