Using Children’s Savings Accounts for Economic Inclusion: A Q&A with Bonnie Gettys, Rep. Julie Calley and Jessica AcMoody
Post

Using Children’s Savings Accounts for Economic Inclusion: A Q&A with Bonnie Gettys, Rep. Julie Calley and Jessica AcMoody

At CEDAM, one of our current policy priorities is to secure statewide funding for Children’s Savings Accounts (CSAs), which are community-led programs that automatically enroll students in interest-bearing accounts that will grow until they graduate from high school. These programs are designed to improve family financial literacy, boost educational attainment for low-income children, promote post-secondary...

Children’s Savings Accounts 101: What they are and why they’re important
Post

Children’s Savings Accounts 101: What they are and why they’re important

Over the past few years, Children’s Savings Accounts (CSA) programs have been increasing in popularity across Michigan. These initiatives have been proven to strengthen inter-generational financial stability and increase the likelihood that a student will continue education after high school. But what are they, exactly, and how are they helping Michigan students and communities?  In...

CEDAM to spotlight the impact of Children’s Savings Accounts  on generational wealth
Post

CEDAM to spotlight the impact of Children’s Savings Accounts on generational wealth

The organization’s July 12 webinar will host a state representative and foundation leader to discuss firsthand experience with Children’s Savings Account programs in Michigan. LANSING — The Community Economic Development Association of Michigan (CEDAM) will highlight a groundbreaking savings program to close the wealth gap on July 12 as part of their Summer of CEDAM...

Why community economic development can be used as a tool to promote equity
Post

Why community economic development can be used as a tool to promote equity

At the end of the day, community economic development (CED) is about equity.  The idea of “community” goes far beyond the residential block — communities set the stage for residents, families, and countless generations to grow and thrive. They encompass a cohesive, nuanced system of all things in our environment that impact our well-being: businesses,...

CEDAM AmeriCorps member Suzanne Fenske brings varied experiences and a passion for service to Community Housing Network
Post

CEDAM AmeriCorps member Suzanne Fenske brings varied experiences and a passion for service to Community Housing Network

Like many things in life, Suzanne Fenske found AmeriCorps when she wasn’t looking for it. She first learned about the program after attending financial education events and classes. The presenter, who was the AmeriCorps manager where she currently serves, told her about the AmeriCorps opportunity — and the rest is history.  Suzanne, who was looking...

Boosting Earned Income Tax Credits participation to combat poverty & build community
Post

Boosting Earned Income Tax Credits participation to combat poverty & build community

1 in 5 Michigan households aren’t claiming tax credits they’ve earned — but we can do something about it Authors: Brian Rakovitis and Madeleine March-Meenagh State and Federal Earned Income Tax Credits (EITCs) are important anti-poverty programs that provide financial relief to hard-working, low-income Michigan households. At an average EITC value of $2,461 per federal...

In a time of crisis, CEDAM AmeriCorps members offer essential support and hope for communities across Michigan
Post

In a time of crisis, CEDAM AmeriCorps members offer essential support and hope for communities across Michigan

More than a year after the COVID-19 pandemic took hold in Michigan, we have seen every industry impacted in one way or another — but the crisis’s unwavering ripple effect was especially evident in the area of community economic development. Eviction posed a rising threat, many people in need were not receiving federal stimulus checks,...

CEDAM Receives Consumers Energy Foundation Grant
Post

CEDAM Receives Consumers Energy Foundation Grant

$100,000 grant helps expand service delivery to support low-income and vulnerable Michiganders during COVID-19 Lansing, MI – CEDAM (Community Economic Development Association of Michigan) has received a $100,000 grant from the Consumers Energy Foundation supporting CEDAM’s financial empowerment and asset building programs. These programs create barrier-free access to resources and education to help low- to...

Aspirations lost: Youth focused asset-building programs are the key to maintaining hope for the future during a pandemic
Post

Aspirations lost: Youth focused asset-building programs are the key to maintaining hope for the future during a pandemic

Written by CEDAM’s Madeleine March-Meenagh, junior program evaluation associate and Brian Rakovitis, manager of financial empowerment initiatives COVID-19 has robbed us of our health and economic security; now it seeks to steal our youth’s hope for the future. A recent study shows the pandemic has precipitated an aspirations crisis for youth and young adults. The...