Weekly Feature

2018-07-12 / Business

KeyBank Foundation supports The Service Collaborative-Economic Development Corps

Through the next three years, The Service Collaborative will grow its financial literacy capacity of non-profits across the region. Economic Development Corps, the newest Financial Literacy focused program at TSC is committed to fighting poverty and helping individuals achieve economic self-sufficiency through financial education and training.

EDC aims to reach more than 2,500 WNY community members through a year-long period, with a specific goal of reaching individuals between the ages of 16 and 24 who are neither in school nor working.

EDC Ameri- Corps members will serve at partner sites in a variety of roles providing financial literacy education and coaching, refugee resettlement and employment services, homelessness, housing, foreclosure and bankruptcy prevention, free income tax preparation, poverty simulations, small business development/ micro-enterprise, securing financial and nutrition support, cost-effective child care and cooperative financial services.

“With the support of the Key Bank Foundation, the EDC program aims to engage six additional community partners who have expressed interest in participating in our mission but cannot furnish the full cash match required,” said Kate Sarata, executive director at The Service Collaboration.

“The foundation’s contributions will provide these prospective partners with a pathway for participation in our program, covering 85 percent of the matching funds needed for an EDC member.”

“Financial wellness is a central part of KeyBank’s message and mission and we believe in helping spread that message to all members of our community,” said Buford Sears, KeyBank Buffalo region market president.

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