Home » Louisville joins ‘Cities for Financial Empowerment’ coalition

Louisville joins ‘Cities for Financial Empowerment’ coalition

City sponsors events during April’s National Financial Literacy Month

LOUISVILLE (April 6, 2012) – Citing the work that Louisville has done in improving the financial health of its low to moderate income residents, Mayor Greg Fischer received an invitation from New York Mayor Michael Bloomberg and San Francisco Mayor Edwin Lee, co-chairs of Cities for Financial Empowerment, to join a coalition of other cities who have shown innovative thinking. The coalition currently includes eleven other cities.

“The ability for cities to come together over one common issue and share best practices is a strategy that will strengthen and enrich the financial health of Louisville residents,” Fischer said. “Our Bank On Louisville program and the work being done by our Department of Community Services and Revitalization certainly helped raise our profile.”

Fischer confirmed by letter this week that the city of Louisville accepts the invitation to become a member of the CFE coalition and named Tina Lentz, Executive Administrator with Community Services and Revitalization as the official designee. “Expanding the financial empowerment opportunities for our citizens is another step in making Louisville a more compassionate city,” Lentz said. “The partnerships within our community and with the other CFE cities will extend our ability to tackle difficult social issues such as poverty and homelessness.”

The recognition is timely, since April is Financial Literacy Month, part of a national awareness campaign urging Americans to strengthen their personal finances. Efforts include setting a budget, reviewing their credit report, and creating short-term and long-term financial goals.

Locally, the city’s Department of Community Services and Revitalization is joining the celebration by spreading the word about free financial education workshops and activities for all ages. As the social services agency for Louisville Metro Government, Community Services and Revitalization is involved in a number of initiatives that promote financial empowerment including Bank On Louisville, the Family Economic Success Program and the Microenterprise Development program.

“Financial Literacy Month gives us the opportunity to highlight what we do every day – provide programs that help improve citizens’ financial stability and connect them with resources,” said Adria Johnson, acting director of CSR.

To learn more about April’s events for Financial Literacy Month, open the attachment, or visit www.louisvilleky.gov/economicdevelopment/bankonlouisville.