Philly was just selected to build a financial support system by National League of Cities - Generocity Philly

Funding

Jan. 26, 2016 9:29 am

Philly was just selected to build a financial support system by National League of Cities

Philadelphia is one of eight cities selected for FISCL, a two-year program that will offer free financial capability services to city residents.

Fighting poverty in the national spotlight.

(Photo by Julie Zeglen)

An earlier version of this story incorrectly referred to FISCL as a "free financial services program." It is an initiative aimed at building systems that support programs.
The same city department behind Shared Prosperity, the five-year strategic plan aimed at alleviating poverty in the city, has been tasked with putting together a program that will improve the financial stability of Philadelphians across the city.

The Mayor’s Office of Community Empowerment and Opportunity (CEO) is the entity representing Philadelphia, one of eight cities selected by the National League of Cities to build a system providing free financial services to residents for two years. Funded by the MetLife Foundation, the project has been appropriately named Financial Inclusion Systems and City Leadership (FISCL).

The pilot directly aligns with the goals CEO set for the city in the Shared Prosperity report: The first leg of the initiative was launching Financial Empowerment Centers in 2013, where Philadelphians can have access to education on debt reduction, credit improvement, asset building and consumer protection. CEO said the centers have already been used by more than 8,500 Philadelphians.

The FISCL program is expected to complement and build on those existing CEO programs and initiatives. The city is also able to apply for grants that will support financial inclusion efforts.

Mayor Kenney strongly believes that financial stability is critical to eliminating poverty,” said CEO Executive Director Eva Gladstein in a press release. “The mayor has often said that that a child’s future should not be determined by his or her ZIP code. We believe this plan is just one part of his broader agenda.”

-30-
LEAVE A COMMENT

From our Partners

Uprising in Philadelphia: A to-do list for the next six months

Opinion: Costs of the pandemic to local, state governments must be covered by the federal government

Centering women of color is key to COVID-19 response

SPONSORED

Generocity Philly

Motivadas y ambiciosas: Estas estudiantes de Kensington Health Sciences Academy están listas para el futuro

Philadelphia

The National Liberty Museum

Director of Learning & Public Engagement

Apply Now
3300 Henry Avenue Philadelphia, PA 19129

Public Health Management Corporation

Clinical Supervisor

Apply Now
Philadelphia

Public Health Management Corporation

Special Education Teacher

Apply Now

Minority entrepreneurship is the antidote to persistent poverty

Project HOME opens a STEAM lab at Honickman Learning Center

How about a war on poverty?

SPONSORED

Generocity Philly

Driven and ambitious: Kensington Health Sciences Academy students ready themselves for the future

Philadelphia

Public Health Management Corporation

CUA CASE MANAGER

Apply Now
Philadelphia

Public Health Management Corporation

Psychiatrist

Apply Now
3300 Henry Avenue Philadelphia, PA 19129

Public Health Management Corporation

PT Behavioral Health Technician

Apply Now

Sign-up for daily news updates from Generocity