Why a Vermont Public Bank? 7 Good Reasons. (Plan ‘V’)

1. A public bank in Vermont will create more than 2,500 new Vermont jobs.
2. A public bank would increase Gross State Product by up to $324 million, generating community development statewide.
3. Public banking would save Vermont around $100 million in annual interest fees currently paid to out-of-state bondholders.
4. 4. A public bank could provide students with lower-interest college and university loans, opening doors to higher education for more young Vermonters.
5. A public bank would provide more access to capital for our Vermont’trepreneurs – our hard-working friends and neighbors.
6. A public bank allow our Vermont cities and towns to fund public works projects,rebuilding our crumbling roads and bridges, investing in renewable energy, and cleaning up our state waters.
7. A public bank would reduce the tax burden for all Vermonters by creating a reliable revenue stream, just like North Dakota does with their public bank.

Data provided by the 2013 Vermont State Bank research report, which was paid for by the Donella Meadows Institute, facilitated by Vermonters for a New Economy, conducted by the Political Economy Research Institute at the University of Massachusetts-Amherst, and prepared by Gary Flomenhoft, a fellow at the Gund Institute for Ecological Economics at the University of Vermont.