“This series of initiatives will address racial and wealth gaps that we know are prevalent right here in our city.”
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** The Crescent City Card Program is making waves.
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Yesterday, Mayor Cantrell announced the launch of the Crescent City Card Program in partnership with Forward Together New Orleans, Mastercard, and Mobility Capital Finance Inc.
The Crescent City Card Program encompasses a series of initiatives and products to offer financial inclusion, access to emergency disbursements, incentives to drive economic growth, empower underbanked residents, and provide better access to City services such as NORD recreation centers, parks, libraries, and public transportation.
The program, which will work to end wealth disparity across the city, is already making headlines.
NOLA.com: New Orleans has created a program to teach residents aged 16 to 24 about financial literacy and help them build wealth. The city will pay 125 young people $350 a month for most of next year under the new program. ([link removed])
WGNO: Mayor Cantrell, ‘Residents will have access to funds through an Immediate Response Card’ ([link removed])
"This series of initiatives will address racial and wealth gaps that we know are prevalent right here in our city. My administration continues to identify innovative ways to serve and empower our residents and will make sure that the unbanked are banked and have access to financial education and other resources so that they can attend to basic needs and continue to invest in themselves. We are strategically focused and being intentional in meeting our people where they are as we invest in their future."
-Mayor LaToya Cantrell
WDSU: New Orleans mayor announces Crescent City Card program ([link removed])
AP: Mastercard In Solidarity - New Orleans ([link removed])
The card is expected to be launched in Spring or Summer of 2022. Those interested in participating can visit mocafi.com ([link removed]) for more information.
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