Economic Opportunity Initiatives
Through our Economic Opportunity Initiatives, Neighborhood Allies positions individuals and families in Pittsburgh to increase their opportunities, skills and assets. We develop strategic partnerships, raise philanthropic and government funding, launch successful national programs, create new initiatives and analyze data to track outcomes.
We’re pleased to share our progress made in 2020 in our Economic Opportunity Year In Review!
Our Economic Opportunity Initiatives include:
- Asset Building Network
- Financial Opportunity Centers (FOC)
- Financial Empowerment Center (FEC)
- Fund My Future
- Bank On Allegheny County
- Financial Counseling Cohort
We created the Asset Building Network to coordinate local resources. Launched in 2016, the network is a collaborative community for learning and advocacy that strengthens program and policy efforts to increase economic opportunity. We host a quarterly meeting of representatives of service providers, financial institutions, government and regional entities.
Through our Asset Building Network (ABN), we promote the following initiatives that provide opportunities to Pittsburghers to achieve financial health:
- Financial Opportunity Centers (FOC) offer three core services – employment counseling, access to benefits and financial coaching – that equip clients to increase earnings, build credit, reduce expenses and boost assets. Located at Goodwill of SW PA, Mon Valley Initiative and Oakland Planning & Development Corporation.
- The Financial Empowerment Center (FEC), an initiative with the City of Pittsburgh and Advantage Credit Counseling, provides free, one-on-one financial counseling by professionally trained counselors to help manage their finances, reduce debt, increase savings, improve credit and access safe banking. Counseling is integrated into ten social service agencies across the city.
- Fund My Future, a program of Propel Schools, offers incentives to families throughout Allegheny County to open bank accounts and save for their children’s future. Connected by 20 local partners and encouraged by the chance to win $1,000 each month, 2,800 families currently participate.
- Bank On Allegheny County creates opportunities for unbanked and underbanked people to access basic, free or low-cost accounts with local financial institutions. Bank On members offer services and resources that help empower people and families to improve their financial capability, health and independence.
- We created a Financial Counseling Cohort to meet the growing demand for trained and experienced financial counselors. 15 social service professionals build their skills through the Accredited Financial Counselor™ program and meet monthly for additional peer supports.
To get involved or for more information about any of these initiatives, please contact Sarah Dieleman Perry, Director of Economic Opportunity, at email@example.com.