Policy Fellow Linda Stamato argues for the establishment of a public bank in New Jersey, emphasizing the potential benefits it could bring to the state’s economy and communities. She highlights how public banks, unlike commercial banks, prioritize local interests by reinvesting deposits back into the community through loans for small businesses, infrastructure projects, and affordable housing. By providing lower-cost financing and reducing reliance on Wall Street, a public bank could address pressing challenges such as climate change, income inequality, and racial disparities. The article also notes successful examples of public banking in other states, suggesting that New Jersey should seize this opportunity to create a resilient, equitable, and sustainable financial system for its residents.
NJ Postsecondary Employment and Earnings Dashboard Now Available
The New Jersey Statewide Data System is pleased to release its updated Postsecondary Employment and Earnings Dashboard. This dashboard uses linked, longitudinal administrative data from the Office of the Secretary of Higher Education and the New Jersey Department of...