Title
Receive a presentation from United Way Monterey County on the Financial Empowerment Center.
Report
RECOMMENDATION:
It is recommended that the Economic Development Committee:
Receive a presentation from United Way Monterey County on the Financial Empowerment Center.
SUMMARY:
The Financial Empowerment Center (FEC) is a collaborative initiative led by United Way Monterey County that brings together financial coaching, business skills development, housing navigation and partner-delivered services into a single, coordinated system. Partner agencies work one-on-one with clients to build capacity, set goals, create action plans, and stay accountable.
Services are delivered through a mix of in-person and hybrid formats to increase access across Monterey County. The model incorporates national best practices, adapted to the local context.
DISCUSSION:
The Financial Empowerment Center will work with families to meet their basic needs, increase income, build credit, boost savings, and reduce debt. Financial coaches will partner one-on-one with clients to identify key behaviors, set goals, develop strategies, and create actionable plans. They will emphasize personal strengths, foster motivation, and provide ongoing support and accountability. The financial Empowerment Center will serve low-income families seeking to improve their financial well-being, with all services provided at no cost to community members.
OTHER AGENCY INVOLVEMENT/COMMITTEE ACTIONS:
Staff consulted with County Counsel.
FINANCING:
Receiving this report has no financial impact.
BOARD OF SUPERVISORS STRATEGIC PLAN GOALS:
The opportunity for the Economic Development Committee to receive this presentation supports the Board approved strategic plan.
Mark a check to the related Board of Supervisors Strategic Plan Goals:
This assists with attracting and retaining businesses that will improve the well-being of County residents.
___ Well-Being and Quality of Life
___ Sustainable Infrastructur...
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