A partnership between CMF members The Skillman Foundation and JPMorgan Chase, along with city and county officials, has led to the opening of Financial Empowerment Centers in Detroit.
A partnership between CMF members The Skillman Foundation and JPMorgan Chase, along with city and county officials, has led to the opening of Financial Empowerment Centers in Detroit.
The centers will provide free one-on-one financial counseling to low-income Detroit residents and help low- to moderate-income residents manage finances, pay down debt, increase savings and establish credit.
"This is a message to low- and moderate-income residents: There [are] more opportunities here in Detroit," Mayor Mike Duggan, city of Detroit said. "We want to make sure you make more money, and we want to make sure you keep your money."
Detroit's empowerment centers are supported by the national Cities for Financial Empowerment Fund, JPMorgan Chase and The Skillman Foundation as well as the city of Detroit and Wayne County Treasurer's Office.
JPMorgan Chase's $50 million contribution to the empowerment centers is part of its $200 million commitment to connect more Detroiters with economic opportunity.
Two of the centers are now open in the Wayne County Treasurer’s Office with four more locations slated to open later this year.
