The Inclusive Economy
These Organizations are Working to Connect Job Seekers to the Financial Tools They Need to Succeed
By Santiago Sueiro on 12/14/2015 @ 03:00 PM
We know that a job alone is not enough to put individuals on the path to financial security. But without a stable, good-paying job, it’s virtually impossible for most people to become financially secure. That is why this month, CFED launched its first-ever fellowship to promote the integration of financial capability services into the workforce development field. Through the Bank of America Platforms for Prosperity Integration Fellowship, CFED will provide one-on-one technical assistance and facilitate learning opportunities to support six senior workforce development leaders from across the county in advancing financial capability services within their organizations.
Central to this fellowship is the concept of financial capability integration: the ability to effectively manage one’s financial resources. It means having the knowledge, skills and access to financial tools to navigate the complexities of our economic and financial systems. Few people seek out financial capability services—like financial coaching and credit counseling—until they’re facing a crisis. But integrating these financially capability services into other existing social services—like health care, housing or, yes, workforce development—has been shown to increase participants’ likelihood of success.
The leaders selected to participate in this fellowship will be designing and implementing a financial capability integration strategy focused on their organization’s existing workforce development programs through an assessment of their clients’ needs and their organization’s capacity. CFED will help the fellows uncover these needs and identify services to address them through technical assistance and learning opportunities.
We are excited to introduce the fellows selected to engage in this integration planning process:
- Hopeworks: Dan Rhoton, Executive Director (Camden, NJ)
- DC Central Kitchen: Andy Finke, Chief Operating Officer (Washington, DC)
- YWCA Seattle: Matt King, Director of Employment and Regional Services (Seattle, WA)
- Goodwill Sacramento: Robynne Rose-Haymer, Workforce Development Director (Sacramento, CA)
- Foothills Family Resources in partnership with UWGC: David Bolton, Executive Director of Foothill Family Resources (Slater, SC)
- The Center for Working Families: Jasmine Miller, Chief Operating Officer (Atlanta, GA)
Over the next 10 months, we will share updates on members and their progress.
CFED is grateful for Bank of America and their support throughout the fellowship.