Growing nonprofit on pace to serve 5,000 clients this year as grants increase
Charlotte, N.C., Nov. 15, 2018 -- Common Wealth Charlotte (CWC), a nonprofit organization that serves Charlotte's low-income wage earners through financial literacy education and access to non-predatory financial services, has named Chuck Jones its new executive director. Jones succeeds Darren Ash, who founded Common Wealth Charlotte in 2014 and continues to serve as a board member.
"Chuck is deeply committed to the improvement of our community and brings a depth of business experience and innovative ideas that will be invaluable as we take the next steps in our mission," said Cristy Travaglino, board chair of Common Wealth Charlotte. "We are delighted that he has accepted this new responsibility."
A 31-year resident of Charlotte, Jones joined Common Wealth Charlotte in early 2017 and previously served as its director of financial services. Prior to that, he served as [..] read more
Charlotte Business Journal By Alex Sands -- If Charlotte is going to raise its dead-last ranking in economic mobility for a major U.S. city, people need more than just a steady paycheck.
To climb out of generational poverty, there needs to be steadiness in multiple dimensions of life, according to researchers from Goodwill Industries of the Southern Piedmont. The research identified five pillars of stability -- health and well-being, family and individual stability, financial preparedness, skills development and career progression -- and concluded that without one, future success could be compromised.
With that in mind, Goodwill has taken a new approach to the economic mobility problem.
The Economic Mobility Collaborative, a three-year pilot program launched last June, focuses on long-term support and guidance through emerging challenges. Fourteen people are currently enrolled in the EMC's first cohort. These members have personal coaches and [..] read more
Charlotte Magazine By Greg Lacour -- The other night, over cheap domestic beer, I was chatting with a friend about money. She's not rich. Neither am I. But we both grew up in middle-class households, where it was assumed that at some point, well before adulthood, you'd learn the essentials of stewardship of your own money: You'd open a savings account, learn what interest is, and grasp the basic principle that you ought to put some money aside for when you might need it rather than spend it as you get it.
Full Article: www.charlottemagazine.com/Charlotte-Magazine/January-2018/Does-Poverty-Impair-Thinking/
[..] read more