Quantcast
breaking news

Center for Economic Opportunity Awarded $400k

By: News Release - United Way of Abilene
Updated: July 10, 2012
The West Central Texas Center for Economic Opportunity has been awarded $400,000 to help individuals take steps toward self-sufficiency as part of their Individual Development Account program. Grant monies of $200,000 were received from the Office of Community Services (Assets for Independence Project) and matched by the Dodge Jones Foundation, Dian Graves Owen Foundation, and the Shelton Family Foundation.

Community members may take advantage of this new grant by applying for the Individual Development Account program. After completing an application and financial courses, eligible participants open a personal savings account and begin saving $1,000 in order to receive a $4,000 match. These dollars may be used to further education goals, purchase a house or support a small business.

"Participants learn about credit, budgeting, financial planning and other skills that will improve their financial stability," said Jamie Jimenez, West Central Texas Center for Economic Opportunity director. "We are thrilled to receive this money to help local families move towards self-sufficiency."

Since the inception of the Center for Economic Opportunity, 40 community members have purchased homes, 27 individuals have pursued educations, and 26 small businesses have been supported with Individual Development Account dollars.

Individuals interested in the Individual Development Account program, or other Center for Economic Opportunity services are encouraged to call 672-8980 or visit 1102 N. 3rd Street.

In addition to the IDA program, the West Central Texas Center for Economic Opportunity, provides student financial aid information, small business support, financial literacy courses, credit counseling and tax preparation services. The Center is part of a Community Initiative led by the United Way of Abilene in partnership with Dodge Jones Foundation to help promote financial stability and independence for area families.

Comments

Readers Feel...

hello
Related Content

In light of recent severe weather, an Abilene woman wanted to know she could be safe on her own property, but finding that safety was more difficult than expected....

It's important to have a severe weather plan, but don't forget to practice it....

Researchers say sharing a bed with your baby is dangerous and increases the risk of sudden infant death syndrome....

A San Antonio, Texas high school student says he feels like a failure because he isn't being allowed to graduate with his class due to one wrong answer on the TAKS test....

Studies, and teachers, say that students who exercise frequently do better in school....

Emergency teams worked through the night in Moore, Oklahoma searching for survivors of Monday's devastating tornado. The violent funnel was more than a mile wide and remained on the ground for close...

The 12th annual Click It or Ticket campaign runs from May 20th to June 2nd as law enforcement officials crack down on seat-belt violations....

Since disabled pig Chris P. Bacon gained fame online a few months ago, he's also gained some weight and a new wheelchair....

Dozens of Colorado sheriffs have joined a lawsuit against new gun restrictions set to go into effect later this summer....

As many as three tornadoes hit Young County, Texas on Friday evening....

 
Find Articles Here
 
      Page 9 of 644
 
Search BigCountryHomepage.com