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Pa. Project

Pa. Project

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Organized Labor, Public Banks and the Grassroots: Keys to a Worker-Owned Economy

Worker-owned cooperatives build economic democracy, but how do we build more worker-owned cooperatives? Here are three valuable allies to help us get there.

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Bank of N.D. posts $94M profit for 10th-straight record year

Bank of N.D. posts $94M profit for 10th-straight record year

"The bank financed 309 business and industrial projects last year while partnering with local financial institutions. It also expanded two loan programs to encourage the startup and expansion of childcare facilities...Established by the Legislature in 1919, the Bank of North Dakota is the nation's only state-owned bank. About 40 percent of the its lending is commercial loans, followed by student loans at 32 percent, residential loans at 18 percent and agricultural loans at 10 percent."

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