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Featured Non Profit
WIBO

The Workshop in Business Opportunities was started in 1966 in response to the absence of economic power in the African-American community.

Their workshop "How to Build a growing Profitable Business" has been conducted at 28 locations in 8 states.

Over 9000 individuals have graduated from WIBO workshops and half of them are presently operating successful businesses.

Please click below to learn more.

A Tale of Two Cities

By Council Member David Weprin

Chair of the NYC Council Finance Committee

By Council member David Weprin, Chair of the NYC Council Finance Committee


At no time throughout the storied history of our great city has
there been such an egregious disparity between classes. The divide between rich and poor, between financially sound and fiscally infirm has never been so apparent. The gap has grown to such increasing length that the deteriorating middle class is rapidly becoming an almost nonexistent sequitur to poverty. Cities as successful as New York can cope with hard times, but coping does not mean settling; it means taking definitive action that will concurrently help people in need while teaching them how to help themselves. As Chair of the New York City Council Finance Committee, one of my duties is to oversee which of the many proposed initiatives receive the
support of taxpayer funding. Throughout the past four and a half years in that capacity, I have come to the realization that the most effective social reform that a City as diverse as New York can offer is the type of program that not only aids, but advises. I am proud to say that New York City houses many of those beneficial programs, of which nonprofit organizations play a distinctly crucial role.
 

Beginning with the recently approved Fiscal Year 2007 budget,
which was adopted July 1, 2006, the Council and I worked hard to restore millions to financial improvement programs and nonprofit organizations which take on the enormous responsibility of fostering economic growth among low-income residents. We were able to restore $2.6 million for the Consortium of Worker Education which trains workers with employment challenges. We earmarked $6 million for the resoundingly successful program called New York City Works which as a part of the Workforce Development Initiative produced a series of training initiatives for the long term unemployed, helping alleviate structural unemployment problems. Recognizing the intense need to encourage business ownership by minorities and women, we
were able to secure, $1.5 million for the Minority and Women Owned Business Enterprise, which helps support new and emerging minority and women owned businesses who are in need of entrepreneurial training in the procedures for doing business with the City and engaging in major public works projects. We also were able to dedicate $610,000 to the National Foundation for Teaching
Entrepreneurship which teaches entrepreneurship to low-income young people.

In addition to those initiatives which receive the financial
support of the City Council, there are a multitude of commendable programs and organizations that have made a considerable difference in the lives of low income residents by making the presence of financial services and advice more accessible. The New York City Financial Network Action Consortium facilitates the ability of low income people to gain access to affordable, convenient and comprehensive financial services and credit. The Workshop in
Business Opportunities is another example of a vastly successful nonprofit that assists the financially disenfranchised by establishing a series of workshops for small business owners in under-served communities.

Welfare and social reform initiatives are a substantial
component of an city’s effort to assist those in the lower income strata, but at the same time, assertive measures must continue to be enacted that provide those people with the opportunity to improve their own lives and economic standing. Nonprofit organizations have been of immeasurable value to assisting poor and minority groups by promoting a long-lasting, self-sustaining drive toward equal access to the best our city has to offer. As an elected official of the City of New York it is both my honor and duty to ensure that all New Yorkers, regardless of economic standing have equal access to the wide range of financial services that the City has to offer. Through their dedication and commitment, nonprofit organizations such as the
few I have mentioned have played an integral role in helping millions
achieve access to services necessary to obtaining financial security. The most comprehensive and beneficial assistance that can be offered is that which not only provides help, but teaches people how to help themselves.
 

 

 

David Weprin
 
Featured Non Profit
NYC Financial Network Action Consortium

The New York City Financial Network Action Consortium  addresses the drastic loss of banking services in New York City's low-income communities.

NYCFNAC has put together a network of the city's leading community development credit unions to help the city's low-income residents  gain access to affordable, convenient and comprehensive financial services and credit.

Among the programs that The Consortium offers is Banking In The USA.

 In February 200 they partnered with Centro de Educacion de Trabajadores (CET), who provides English and computer classes to adult immigrants, to incorporate basic banking concepts into CET's English classes.

The Consortium has also developed a series of workshops aimed at improving low-income families' money management skills, a key step to  help them build assets.

Please click below to learn more.

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Featured Non Profit
StartingBloc

StartingBloc identifies and recruits outstanding young leaders from leading undergraduate institutions who are dedicated to social responsibility and civic engagement.

They  train them in  principles of sustainability, social enterprise, and corporate social responsibility and place then in results-oriented responsible companies, social enterprises, and M.B.A. and graduate school programs.

The Institute for Social Innovation, founded by StartingBloc, offers a unique Fellowship program for undergraduate students and young professionals interested in social, economic, and environmental innovation.

Please click below to learn more.