Inside: Insights from Newest Local Scorecard Data, the Health and Wealth Network launch and more!

From the Guest Editor

Dear Community Partners and Friends,

As an economic development practitioner, I often encounter many challenges when it comes to finding reliable data at the local level that will guide my decision-making process. Thus, I am celebrating the release of Prosperity Now’s Local Scorecard Data [[link removed]]. Whether you are a seasoned community-based organization professional, an elected official or a concerned citizen, using this valuable and accessible tool will help you give your community a voice. Furthermore, the wealth of information in the Scorecard will assist you in proving that poverty, which has many angles and faces, hurts all Americans.

I have used—and will continue to use—local data as a planning and advocacy tool because:

Putting data into the appropriate context provides me with information that helps to identify and address current and future community needs.This information translates into knowledge that helps me connect economic development policies to communities.This combination of data, information, and knowledge advances our story-telling efforts by drawing upon a combination of statistics and anecdotal evidence.Local data supports and advances our fundraising efforts to show that there is a demonstrated need for evidence-based approaches to economic development.

In other words, this tool helps us change misconceptions and eliminate policies that perpetuate poverty while bringing the message home. Using the Local Scorecard Data [[link removed]] can help to advance your mission and make your community a better place to live, work, and do business in.

In Partnership,

Rodolfo Acosta-Pérez

Director of Family Empowerment, Community Action Agency of Southern New Mexico [[link removed]]

Prosperity Now Community Steering Committee Member

Editor's note: If you have resources, updates or stories you’d like to see featured in future Community Bulletins, share them with us at [[email protected]].

Highlights Introducing the Health and Wealth Network!

The Prosperity Now Community is happy to announce the launch of our newest network: the Health and Wealth Network [[link removed]]! This is a place for practitioners, advocates and researchers to collectively explore innovative practices and policies that could improve the financial, physical and emotional well-being of individuals and families. if you want to join the dialogue and stay informed on this work, join the Health and Wealth Network today! [[link removed]] Read more [[link removed]]

Insights from Five Youth Workforce Organizations on Developing Youth Financial Capability Programs

Five national youth workforce organizations, Genesys Works [[link removed]], Juma Ventures [[link removed]], NPower [[link removed]], STRIVE International [[link removed]] and Urban Alliance [[link removed]], partnered with Prosperity Now and Citi Foundation to launch the Youth Financial Capability Fund (YFCF), a train-the-trainer model that engages practitioners to help design and implement financial capability services. These organizations provide paid work experiences, mentoring, training and professional development for young people between the ages of 16 and 24—many of whom are disconnected from education and employment opportunities. Since this project launched in 2017, there have been many insights into what can help groups develop financial capability programs. We've shared these findings in a new brief, From Paychecks to Prosperity [[link removed]].

2019 Local Scorecard Data is Available Now

Earlier this month, we released the latest updates to the local data Scorecard [[link removed]]. This comprehensive data tool allows advocates, practitioners and policymakers to identify the state of financial security within their local communities and strengthen their efforts to advocate and implement the policy changes necessary for greater economic opportunity. This update includes data for the city, county, metro area, tribal area and congressional district levels, all of which can be found on the Scorecard website [[link removed]]. Read more [[link removed]]

Resources from Across the Community

Lifting the Weight: Solving the Consumer Debt Crisis [[link removed]] | Aspen Epic

This report identifies seven consumer debt issues that create financial insecurity and further widen the racial wealth divide.

Identifying the Financial Needs of People With Disabilities in Local Communities [[link removed]] |National Disability Institute

This brief describes how analyzing disability specific data and mobilizing local partners are methods of identifying financial needs of people with disabilities at the local level.

Promise Accounts: Matched Savings to Help Families Get Ahead [[link removed]] | Prosperity Now

This policy proposal advocates for the creation of Promise Accounts, which would incentivize working families to build medium-term savings.

2019 KIDS COUNT Data Book [[link removed]] | Annie E. Casey Foundation

This data book explores the experiences and current state of America’s child population across health, education, family, community and economic well-being.

Enterprise Communities Plus [[link removed]] | Prosperity Now

This brief provides an overview of the housing development pilot program, Enterprise Community Plus, including information about the participants and lessons learned.

Redesigning the Financial Roadmap for the Low-to-Moderate Income 50+ Segment [[link removed]]| Financial Health Network (formerly CFSI) and AARP Foundation

This report identifies unique financial challenges and burdens facing older low-to-moderate income individuals in the U.S.

Opportunities and Events Opportunities

Take Our Survey: Here’s your chance to make sure Prosperity Now is focusing on what you want and need. Please complete our anual Community Survey [[link removed]] by Monday July 29, 2019. This survey will help us better understand who is in the Community, what your priorities are and how you’ve used our resources.

Jobs

Director of Applied Research [[link removed]] | Woodstock Institute| Chicago, IL

Director of Applied Research [[link removed]] | Prosperity Now | Washington, DC

Learning Manager [[link removed]] | The Prosperity Agenda | Seattle, WA or Philadelphia, PA

Financial Access Educator [[link removed]] | Capital One | Chicago, IL

Financial Access Educator [[link removed]] | Capital One | Los Angeles, CA

Events

Webinar Series: Camp Prosperity Advocacy Summer Camp [[link removed]] | Prosperity Now | July 30 2019

Webinar Series: Financial Coaching Bi-Monthly Peer Call [[link removed]]| Prosperity Now | August 22, 2019

Webinar Series: Savings Network Webinar [[link removed]] | Prosperity Now | September 10, 2019

VITACON 2019 [[link removed]] | Prosperity Now | Denver, CO | September 10-11, 2019

Rural Rise Summit [[link removed]] | Rural Rise | Pine Bluff, AR | September 16–19, 2019

Common Cents Conference 2019 [[link removed]] | Common Cents Conference | Fairfax, VA | September 17–18, 2019

Reclaiming Vacant Properties Conference [[link removed]] | Center for Community Progress | Atlanta, GA | October 2-4, 2019

Pathways to Prosperity Conference [[link removed]] | The Collaborative | Raleigh, NC | October 29 – 30, 2019

Midwest Asset Building Conference [[link removed]] | Detroit, MI |November 13-14, 2019

Homes Within Reach Conference [[link removed]] | Housing Alliance of Pennsylvania | Harrisburg, PA | November 18 – 29, 2019

I’M HOME Conference [[link removed]] | Prosperity Now | Portland, OR | November 20, 2019

Policy Updates

Earned Income Tax Credit (EITC)

Maine passed LD 1671 [[link removed]], which will increase the EITC from 5% to 12% of the federal credit. The bipartisan bill will lower the minimum age of eligibility for individuals without dependent children from 25 to 18 and increase their federal credit to 25%. Read mor [[link removed]] e [[link removed]]

California State Budge

Governor Gavin Newsom signed California’s $215 billion-dollar budget [[link removed]] for the 2019-2020 Fiscal year. Under this budget, the state is set to expand its EITC and raise the maximum qualifying income from $10,000 to $30,000. Read more [[link removed]]

Volunteer Income Tax Assistance (VITA) Update

In last month’s bulletin, we celebrated the passing of bi-partisan bill, HR 1957 [[link removed]] which made the VITA Program permanent. On July 1st, the President signed the bill which makes the Taxpayer First Act official law and will strengthen taxpayer rights and protections for the years to come.

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