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Meet CEDAM’s New Manager of Financial Empowerment Initiatives

We are excited to welcome Brian Rakovitis, our new manager of financial empowerment initiatives, to the Community Economic Development Association of Michigan (CEDAM) team! Rakovitis has made his way back to CEDAM after starting as an AmeriCorps member through us. He served at United Way of Washtenaw County on the previously active Michigan Foreclosure Prevention Corps.  After his...

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MEIC Learning Exchange 2017 Recap

On Friday, June 16, practitioners throughout Michigan gathered in Lansing to discuss the state of their Volunteer Income Tax Assistance (VITA) Programs at the Michigan Economic Impact Coalition’s (MEIC) annual Learning Exchange. The 2017 filing season came with both new and recurring challenges: new filing software (TaxSlayer), volunteer recruitment/retention and building programs with low capacity....

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CEDAM member Amber Paxton assumes national leadership role as co-chair of the Cities for Financial Empowerment Coalition

Written by: Megan Kursik, Coordinator of the Michigan Communities for Financial Empowerment Cities from across the U.S. convened in Miami last week for the bi-annual Cities for Financial Empowerment (CFE) Coalition Forum. The CFE Coalition is a group of city governments committed to supporting the financial capability of their residents through innovative programs and local...

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Children’s Savings Accounts to Kickstart Education

Written by Lisa Assenmacher, Communications and Training Specialist Financial empowerment is a game changer. From adults struggling to get ahead to children just beginning to save, financial capability programs can help people of all ages reach greater self-sufficiency and the freedom to live rather than simply survive. Growing implications. Lack of financial capability is widespread in...

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Lansing SAVEs For the Future

Written by Megan Kursik, Coordinator of Michigan Communities for Financial Empowerment Earlier this year 365 kindergarten students in the Lansing School District received a seed investment in their future. Each student was automatically enrolled in an education savings account by the City of Lansing. Lansing SAVE (or Student Accounts Valuing Education) is the first universal, automatic...

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Educating & Saving to Win

VITA helps Michigan residents access higher tax refunds that they can in turn put toward savings. The MEIC advocates to encourage state legislators to maintain funding to support these programs.