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Studying impact, innovating asset-building, and increasing economic development; it’s what we do. Midas procured a longitudinal evaluation of our program that increases household financial security through the expansion of microenterprise. Over 300 participating businesses were studied, showing that cultivating diverse, low income entrepreneurs with long-term support, training, and capital --not debt-- is highly effective in increasing income and assets. Read overall outcomes and perspectives from individual businesses in the Executive Summary and Full Report.
Want to see our impact? See our most recent Impact Report.
Thank you to everyone who helped make the day great by sharing your knowledge and experience as we continue to build financial foundations. A few resources from the Summit to use in your work; 1. Presentations from Track 2 of Breakout Sessions one and two, 2. Updated MassSaves.org website, which includes a plethora of vetted sites and information, and 3. Jacqueline Prester's presentation from the Jump$tart/Fidelity Investment track. Check out photos from the day on The Midas Collaborative Facebook page.
We had a great time at the Assets & Opportunity Breakfast, the Assets & Opportunity Breakfast in October. The Breakfast was an opportunity for nearly 100 stakeholders to share best practices, learn about new initiatives and network. Senator Sonia Chang-Diaz moderated the “What Does it Take to Increase Financial Security & Resiliency in Massachusetts?” panel with Assets & Opportunity champions Lew Finfer of the Raise Up Mass coalition, and Jeff Fuhrer representing The Federal Reserve Bank of Boston.
A special thanks to our sponsors:
Boston Private Bank & Trust
Cambridge Savings Bank
United Way of Massachusetts Bay and Merrimack Valley
Capitol One Bank
Non-Profit Asset Leaders
Crittenton Women's Union
Center for Responsible Lending
Center for Enterprise Development
Metro Credit Union
United Way of Pioneer Valley
East Boston Savings Bank
Jewish Vocational Services
Metropolitan Boston Housing Partnership
Do you know people who are struggling with their finances? Send them to MassSaves.org for on-line resources and free personal financial coaching! The Financial Confidence & Coaching Program helps residents from all over Massachusetts get consumer information and high-quality individual help. Read a White Paper on our approach.
Financial Coaching Hotline: 855-721-7575
Watch the video acceptance speech of our 2013 Assets & Opportunity Champion, Senator Elizabeth Warren.
How do we increase understanding of consumer financial protection? Let’s start with the branding problem here.