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Featured Article, Resource filed under Banking, Broadband, Energy, The Public Good, Waste to Wealth | Written by ILSR | No Comments | Updated on Jun 1, 2016

Video: Break the Chains, Build Local Power

The content that follows was originally published on the Institute for Local Self-Reliance website at https://ilsr.org/break-the-chains-build-local-power/

placeholderSince our founding in 1974, we have worked to rewrite the rules and empower communities to choose their own future. Across several vital economic sectors, we help break the corporate stranglehold that extracts wealth from local economies and undermines democracy.

We give communities the tools to build a strong local economy themselves.

From banking to energy, healthy soils to community-owned Internet networks, time and again we have shown that when we level the playing field for individuals and businesses, we improve our economy and the quality of life for all citizens.

To many, ILSR is one initiative that they have followed, learned from, and tried to embody. But we are much more than that. We are a network of initiatives with a coherent philosophy and strategy that link all things community – utilities, internet, shopping, banking, trash, recycling, and – the most important part piece – YOU.

We need your help to expand our reach and multiply our successes.

Donate to our campaign to help us Inspire, Advocate, Empower, Create, and Champion local solutions:

This video illustrates our work, and explains how all of our unique and distinct initiatives, together, build a holistic philosophy of local self-reliance.

Featured Article, Resource filed under Banking | Written by Nick Stumo-Langer | No Comments | Updated on Apr 13, 2017

Small Banks, Big Benefits – Episode 16 of the Building Local Power Podcast

The content that follows was originally published on the Institute for Local Self-Reliance website at https://ilsr.org/small-banks-big-benefits-episode-16-of-the-building-local-power-podcast/

In this episode, Christopher Mitchell, the director of ILSR’s Community Broadband Networks initiative and Stacy Mitchell, the co-director of ILSR and director of ILSR’s Community-Scaled Economies initiative interview Building Local Power’s first guest outside of ILSR. Our guest this week is Justin Dahlheimer, the President of the First National Bank of Osakis in west-central Minnesota. The trio discuss the benefits of community banking and how banks that have a vested stake in their community lend in ways that increase the vitality of communities like Osakis. Continue reading

Map: Number of banks by state.
Featured Article filed under Banking | Written by Stacy Mitchell | No Comments | Updated on Sep 1, 2015

How One State Escaped Wall Street’s Rule and Created a Banking System That’s 83% Locally Owned

The content that follows was originally published on the Institute for Local Self-Reliance website at https://ilsr.org/map-shows-how-well-the-bank-of-north-dakota-works/

In North Dakota, the banking sector bears little resemblance to that of the rest of the country. North Dakotans do not depend on Wall Street banks to decide the fate of their livelihoods and the future of their communities, and rely instead on locally owned banks and credit unions. With 89 small and mid-sized community banks and 38 credit unions, North Dakota has six times as many locally owned financial institutions per person as the rest of the nation, and these institutions control a resounding 83 percent of the market. Much of the difference is owed to the Bank of North Dakota. Continue reading

Featured Article filed under Banking | Written by Olivia LaVecchia | 1 Comment | Updated on Oct 8, 2015

A Tool to Find Banks that Invest in the Local Economy

The content that follows was originally published on the Institute for Local Self-Reliance website at https://ilsr.org/a-tool-to-find-banks-that-invest-in-the-local-economy/

A new tool called Bank Local, which was developed with input from ILSR and other experts, makes it easier to assess the impact that banks have on their communities. Continue reading

Photo: Community Bank Borrowers
Featured Article filed under Banking, Independent Business | Written by Stacy Mitchell | No Comments | Updated on May 5, 2015

One in Four Local Banks Has Vanished since 2008. Here’s What’s Causing the Decline and Why We Should Treat It as a National Crisis.

The content that follows was originally published on the Institute for Local Self-Reliance website at https://ilsr.org/vanishing-community-banks-national-crisis/

The precipitous decline in the number of community banks in recent years is a national crisis, and there’s a fierce debate underway right now about what’s to blame. Continue reading