Friday, November 18, 2011

Groups to help low-income residents in Silicon Valley get $934,000 in grants - Silicon Valley / San Jose Business Journal:

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"In the midst of a it is critical for us to invesy in programs that offer residents in our communitiew financial education and savings incentives so they can betterf handle serious setbacks such as a car breaking down or the loss of a saidEmmett D. Carson, CEO and president of the foundation. The Corporatio for Enterprise Development receiveda $175,000 grant to help launcy a new online marketplaced where donors could contribute to matchedc savings accounts for residents in San Mateok and Santa Clara.
The project, called "Americaj Dream Match Fund, Silicon would help identify new sourceszof private, philanthropic supportg for matched savings and financial education coordinate the stories of donors and savers to advocate for new policieas and promote the ideas and goals of asset buildinf and financial education to the general Project Read in north San Mateop County received $122,000 to begin offering individual financial assessments, monitorinh and coaching to residents in its literacy The program is a new expansion into financial literacy for Projecyt Read, which until now has focusedx on helping residents learn to read and write.
As part of the Project Read plans tooffere workshops, individual financial monitoring and help with individuak development accounts, which provide matched savings through a variety of governmentf and private sector sources. Earn, a San Francisco-basedc organization that offers financial money management training and matchedd savings accountsto low-wage workers, received $179,00 to develop a curriculum and provide training in individualp financial coaching.
Earn proposes to traij 20 community organizations in San Mateoi and Santa Clara countiee in coaching so more families and individuals canget

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