EITC Awareness Day: Renewed bipartisan support for State expansion
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EITC Awareness Day: Renewed bipartisan support for State expansion

Authors: Brian Rakovitis & Madeleine March-Meenagh Today marks the 16th annual Earned Income Tax Credit (EITC) awareness day. On this day, the IRS calls upon organizations across the country to raise awareness about this crucial federal tax credit. As we bring attention to the federal EITC, we want to raise awareness about Michigan’s own state...

CEDAM receives $100,000 grant from the Consumers Energy Foundation
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CEDAM receives $100,000 grant from the Consumers Energy Foundation

The grant will help CEDAM connect Michiganders to critical financial resources and services Lansing, MI – The Community Economic Development Association of Michigan (CEDAM) has received a $100,000 grant from the Consumers Energy Foundation supporting CEDAM’s economic inclusion programs. By engaging a diverse coalition of community organizations, CEDAM will work to connect all Michiganders with...

Michigan legislature includes $2M for Children’s Savings Accounts in 2021-22 budget
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Michigan legislature includes $2M for Children’s Savings Accounts in 2021-22 budget

On September 22, 2021, the Michigan legislature passed the almost $70 billion 2021-22 state budget with bipartisan support. Among community development resources for community revitalization, placemaking, and workforce development, CEDAM is especially excited for the State’s $2 million investment in Children’s Savings Accounts (CSAs). This first-of-its-kind investment into Michigan’s growing CSA field provides $1 million...

CEDAM members are uniquely positioned to support the Governor’s MI New Economy Plan
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CEDAM members are uniquely positioned to support the Governor’s MI New Economy Plan

CEDAM knows Michigan cannot achieve a prosperous, equitable economy without investments in core assets like housing and broadband. As we work to recover from the COVID-19 global pandemic, significant investments in our people and in our infrastructure are more critical than ever to create vibrant communities.  That’s why we were thrilled to be a part...

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

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