2020 RAISE Texas Virtual Action Summit
|When:||November 5, 2020 9:00 AM to 12:30 PM CT|
"The Roadmap to Financial Resilience"RAISE Texas’ Virtual Action Summit: November 5-6, 2020
Hosted by the Federal Reserve Bank of Dallas and RAISE Texas
COVID-19 has disrupted lives and the financial security for low-income families and residents. Financial instability has become even more prevalent in too many of our communities. Service providers report rampant job loss exacerbating pre-COVID-19 barriers faced by the poor and communities of color. Employers have changed the way they conduct business. Educators and community-based organizations have shifted how they connect with students and clients, magnifying digital divides. Students and working adults are seeking upskilling opportunities to join and remain in the workforce. Moreover, emergency savings have been exhausted or were never there to begin with, which could have mitigated the impact of this economic shock. This is the reality of too many Texans. And, without an infrastructure of opportunity to prompt them up, their outlook and sense of resiliency is grim.
RAISE Texas is embarking on a journey to change this truth of too many Texans without an infrastructure of opportunity to prompt them up. Our plan is to create replicable community sponsored cohorts in Texas that will lead to strong efforts to find solutions, break down barriers, and eventually build long-term financial resilience for vulnerable populations. Join us for RAISE Texas’ Interactive Virtual Action Summit on November 5-6, 2020 (9:00am – 12:30pm) to explore the three key steps to help more Texas families get on "The Roadmap to Financial Resilience."
1. Achieving Short-Term Financial Stability – Offering crisis management to individuals and families still reeling from COVID-19 and additional financial setbacks
2. Achieving Income Stability – Develop community partnerships to connect clients to organizations that provide trainings, certification and licensures, and job preparation. In addition, work with our priority population on how to keep more of their income.
3. Crafting Emergency Savings Accounts - The overall goal is to find a combination of savings products and programs that can be replicated in our large, mid-sized, and small cities, as well as rural areas, to increase the number of Texans saving at least $400.
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