Forward Together New Orleans (FTNO), The Mayor's Fund, is proud to announce the New Orleans Universal Basic Investment Credit.

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For Immediate Release:
New Orleans Introduces The Universal Basic Investment Credit

Forward Together New Orleans (FTNO), The Mayor's Fund, is proud to announce the New Orleans Universal Basic Investment Credit to build intergenerational wealth among Black New Orleanians.

The program means that New Orleans will be the first city to host both a Universal Basic Income program and a Universal Basic Investment Credit program. The pilot was designed and implemented as part of a 12-month Executive Fellowship with FUSE Corps within the City of New Orleans Mayor’s Office. The Fellowship's objective was to create strategies to make systemic change in our city.

FTNO has identified three necessary pillars for programs that work to create systemic change:
The Universal Basic Investment Credit program aims to build an ecosystem for equitable economic mobility by creating a pathway toward achieving wealth that doesn’t require active participation in businesses or projects by participants. Learn more about how FTNO will help design that ecosystem from the ground up in the image below:
The program has a five-phase impact timeline:
1. Universal Basic Investment Credit grantees receive a card that holds restricted funds to distribute to eligible recipients.
2. Eligible recipients receive $500 each to invest in real estate, art, startups, small businesses, and even crypto through vetted investment platforms.
3. Participants observe and experience the benefits of appreciating assets combined with investment education resources.
4. Participants continue to meet for continued investment education and to discuss local investment opportunities.
5. FTNO leverages its role and influence to facilitate more investment opportunities within the arenas of infrastructure, private equity, and more for past participants who continue to stay engaged in educational programming.

End result: Participant portfolios continue to grow, potentially providing passive income, personal assets that can be passed onto future generations.

Learn more about Forward Together New Orleans and the UBIC program HERE ([link removed]) .
LEARN MORE ([link removed])
The Universal Basic Investment Credit program is not an open enrollment program at this time. All residents interested in participating in the open enrollment phase of the initiative may contact us HERE (mailto:[email protected]) to express interest.

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