Economic Empowerment

Harrisburg need to improve economic empowerment for all residents, not just those who already have a seat at the table.

  • Small Business Development
    • Start-up microgrants for small businesses
    • Microloans for city businesses who hire city residents
      • Loans that are forgiven if the business hires city residents for a certain length of time
    • Work to expand public parking to encourage small business growth
  • Individual Economic Empowerment
    • Action Plan
      • Create a financial empowerment center/office and/or coalition such as Bank On, and CFE Fund that can facilitate both educational, programmatic engagement of residents in new financial empowerment initiatives.
      • Start an outreach program to encourage unbanked/underbanked residents to engage in financial services.
      • Work with banks and other financial institutions to create special bank accounts for under-banked populations and people with inconsistent income.
      • Youth Workforce development (city internships/mentorship programs).
      • Use Community Benefit Agreements to ensure redevelopment projects benefit the target community.
    • Supporting Ongoing Initiatives
      • Support consumer protection initiatives.
      • Support efforts seeking to empower young people in financial skills and entrepreneurship.
    • Educational Programs
      • Trainings or workshops on financial skills and asset-building for adults or families (should involve both children and parents).
      • Community Programing that educates children about Financial services (savings and matching programs in particular).
      • Develop a Youth Entrepreneurship Development Programs.
    • Administrative and Policy Changes
      • Set standards for financial services with an emphasis on accessibility for low/unstable income residents.
      • Establish new consumer protection regulations/standards (Predatory lending/tenant rights).
      • Support/create financial services designed to serve the financial stability of city employees (such as the program where people can borrow loan from city rather than predatory lender).
      • City should engage in an EITC campaign to encourage residents to take up the tax credit.
      • Consumer rights and best practices (information campaign)
      • Act as a convener to help service providers/programs coordinate and improve work
      • Collect data on barriers to financial stability of residents and use for policy advocacy/administrative changes.