Wealth Building
We know that healthy, sustainable communities are made up of people who have living wage jobs and feel confident about their economic futures. To get there, residents need the skills to advance along the path of employment and manage their money well. That’s why LISC invests in helping people tackle all the facets of financial life—earning a steady pay check, budgeting, building good credit and saving for education and retirement.
LISC’s financial stability programs connect low- to moderate- income families with the financial and labor market mainstream. We work with partners to offer employment and career services, financial coaching and education and low-cost financial products that build credit, savings and assets.
Financial Opportunity Centers
LISC’s Financial Opportunity Center® (FOC) model allows community members and local partner organizations to work side-by-side to build family-sustaining career pathways and financial success so people can achieve their goals. Organizations who utilize the the FOC model provide employment and career counseling, one-on-one financial coaching and education and low-cost financial products that help build credit, savings and assets. The cornerstone of the FOC model is providing these services in an integrated way—rather than as stand-alone services—and with a long-term commitment to helping clients reach their goals.
In Milwaukee LISC supports four Financial Opportunity Centers, together they serve more than 500 clients per year:
Rocket Wealth Accelertor
Rocket Wealth Accelerator Aims to Close Racial Wealth Gap in Milwaukee
To further enhance the range of opportunities individuals can access at our FOC partner sites and to address the racial wealth gap, LISC is proud to partner with the Rocket Community Fund to provide the Rocket Wealth Accelerator.
The Rocket Wealth Accelerator offers one-to-one matching dollars for participants’ savings plans, with up to $500 for people with large-dollar goals such as purchasing a home or vehicle, and up to $300 for those with short-term or emergency savings goals. By improving a community member’s ability to meet emergency needs, build their credit and grow generational wealth, we’re providing a launch pad for them to reach their goals.
You can find out more about starting your own Rocket Wealth Accelerator account through participating Financial Opportunity Center® JobsWork MKE by clicking HERE
