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~ The City of South Bend has taken a major step towards improving the financial well-being of its residents by releasing a Request for Proposals (RFP) for qualified nonprofit organizations to serve as the financial counseling provider for the city's new Financial Empowerment Center. This initiative, announced on February 14, 2024, aims to empower South Bend families and lead the way in implementing financial empowerment programs.
Mayor James Mueller expressed his excitement about the Financial Empowerment Center, stating that it will play a crucial role in boosting the financial stability of low- and moderate-income households in South Bend. The program is developed by the Cities for Financial Empowerment Fund, a national organization that works towards embedding financial empowerment strategies into local government infrastructure. With over thirty successful implementations across the United States, this program has proven to be effective in improving the financial stability of communities.
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The City's Financial Empowerment Center will offer professional 1-1 financial counseling at no cost to South Bend residents. This will be the first center of its kind launched in Indiana, making it a significant milestone for both the city and its residents.
Nonprofit organizations have until April 15, 2024 at 11:59pm to submit their proposals to the City. The selected nonprofit will be responsible for managing day-to-day operations while the City provides oversight of the program. The contract award for the first two years of operation is set at $500,000.
To provide further information and address any questions about the RFP, the City will host a webinar on February 20 at 10 am EST. Interested parties can access the RFP and register for the webinar at southbendin.gov/financial-empowerment.
For those looking to learn more about this initiative and its impact, visit fecpublic.org to find out more about Cities for Financial Empowerment Fund and their successful Financial Empowerment Center model. With the City of South Bend taking this important step towards financial empowerment, it is expected to have a positive impact on the lives of its residents and serve as a model for other cities to follow.
Mayor James Mueller expressed his excitement about the Financial Empowerment Center, stating that it will play a crucial role in boosting the financial stability of low- and moderate-income households in South Bend. The program is developed by the Cities for Financial Empowerment Fund, a national organization that works towards embedding financial empowerment strategies into local government infrastructure. With over thirty successful implementations across the United States, this program has proven to be effective in improving the financial stability of communities.
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The City's Financial Empowerment Center will offer professional 1-1 financial counseling at no cost to South Bend residents. This will be the first center of its kind launched in Indiana, making it a significant milestone for both the city and its residents.
Nonprofit organizations have until April 15, 2024 at 11:59pm to submit their proposals to the City. The selected nonprofit will be responsible for managing day-to-day operations while the City provides oversight of the program. The contract award for the first two years of operation is set at $500,000.
To provide further information and address any questions about the RFP, the City will host a webinar on February 20 at 10 am EST. Interested parties can access the RFP and register for the webinar at southbendin.gov/financial-empowerment.
For those looking to learn more about this initiative and its impact, visit fecpublic.org to find out more about Cities for Financial Empowerment Fund and their successful Financial Empowerment Center model. With the City of South Bend taking this important step towards financial empowerment, it is expected to have a positive impact on the lives of its residents and serve as a model for other cities to follow.
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