Public Banking: An Engine for Economic Growth

Public Banking Presentation Nov 2013

This presentation is useful to show how the public bank of North Dakota, the Bank of North Dakota is a powerful engine for economic growth and to contrast this with Arizona which uses a commercial bank, by statute. Jim and Pam Hannley represent the Public Banking Institute in Arizona. We believe that a primary cause of economic stagnation in Arizona in general and in Tucson in particular is the inability of small businesses to borrow money from commercial banks at favorable rates. We are impressed by the way the Bank of North Dakota, through community banks extends credit to students, entrepreneurs, small businesses, and farmers. We invite interested parties to contact us to present our views to groups large and small.