
10-YEAR GOAL
Decrease the number
of Greenville County households that spend more than 40 percent of total
household income on housing cost.
The key economic factors affecting the ability of the average person to achieve long-term financial stability include the lack of economic mobility, soaring personal debt, and wealth inequality. In Greenville County more than 65,000 people (15 percent) live below the federal poverty line.
More and more, hardworking individuals and families are unable to get ahead financially. Wages have not kept pace with the rising cost of housing, healthcare, and education, and skill levels have not stayed in alignment with changing industry needs.
The road to financial stability is not simple, nor a one-step process. In response, the United Way must focus on a continuum of strategies that will support individuals as they seek to increase income, build savings, and gain and sustain assets.
This stepped approach is not just focused on helping people meet their basic needs (food and shelter), but also on achieving long-term financial success for individuals and families. Success will result in outcomes such as home ownership, personal savings, quality childcare and access to health care.
United Way of Greenville County Financial Stability Initiatives
Greenville Region Funder Collaborative
The Upstate region is poised to add another 7,000 jobs over
the next few years however, the labor force has limited workers with the core
skills to compete for and win the jobs that require the enhanced skills of
industry. To address the skills
gap that exists in Greenville today, several organization came together to form
the Greenville Region Funder
Collaborative. The
Collaborative was formed to raise, coordinate, and direct funding and advocacy
in support of workforce partnerships that develop career pathways, linking low
income workers with sustainable employment in industry that is critical to the
region. The Collaborative is
implementing a dual approach to workforce development and training that focuses
equally on the employers and their personnel needs and the potential employee
and their skill development. The
participating organizations include:
- City of Greenville
- Greenville Area Development Corporation
- Greenville Chamber
- Greenville County Schools
- Greenville County Workforce Investment Board
- Greenville Technical College
- Greenville Works
- Personal Pathways for Success
- readySC
- South Carolina Department of Employment and
Workforce
- South Carolina Manufacturing Extension Partnership
- University Center of Greenville
In response to employers’ and low-skill workers’ needs, the
Collaborative created a workforce development initiative, a skills development
initiative to equip low-skilled members of our community’s workforce with the
knowledge and confidence they need for in-demand job enhancement and future,
long-term success. Through this
initiative, employers receive well trained entry-level workers who possess the
critical skills needed for their businesses' success.
The Collaborative seeks to accomplish the following:
- Low-skill
workers develop in-demand, marketable skills
- Workers
find and retain employment with sustainable salaries, benefits and career
ladders
- Valued
employers in growth industries find and retain skilled workers
- Capacity
and resources for education and skills training are enhanced
- Public
policies that improve economic opportunity are promoted and secured.
Financial Stability Centers
A Financial Stability Center is essentially a one-stop
source of information for low to moderate income families seeking information
and services to that will help them improve their financial stability. These Centers will offer a connected
continuum of financial education, opportunities, services and supports through
an integrated service delivery system that maximizes on the relationship
established between Center staff and families. Services will be offered in a seamless delivery system that
eliminates many of the barriers encountered by the families seeking assistance to
improve their financial stability.
The Greenville County Individual Development Account
(IDA) Program
The IDA Program is a matched-savings program for
homeownership, education, or small business. Eligible residents can save up to $1,000 dollars within six
to 24 months. While saving, clients must participate in financial literacy
classes. For every dollar a participant puts in their IDA savings account, it
is matched by another three dollars. For additional information please contact
Greenville Housing Fund at http://www.greenvillehousingfund.org.
Greenville Dreams: Neighborhood Leadership Development
Greenville Dreams works directly with neighborhood association leaders to help build
upon the strengths and assets already present in their neighborhoods. Training and
peer support are provided to Special Emphasis neighborhood leaders in the areas
of problem-solving, successfully managing and leading a neighborhood association,
planning and goal-setting, resources available and effective communication skills.
Greenville Dreams is focused on positive change through resident-centered neighborhood
development. It is a partnership of United Way, City of Greenville and the Greenville
County Redevelopment Authority (GCRA).
Volunteer
Income Tax Assistance (VITA)
The Volunteer Income Tax Assistance (VITA) program is sponsored by the Internal
Revenue Service (IRS) and Bank of America, VITA provides free income tax
preparation assistance to individuals and families with a household income of
less than $49,000 a year. In addition to providing free tax preparation, VITA
works to ensure everyone in the community receives all of the tax credits and
deductions for which they are eligible.
Since
2005, the program has helped more than 6,630 local taxpayers generate more than
$4.6 million in tax returns. This year, United Way of Greenville County and
United Way of Pickens County have partnered to form the United Way VITA
Collaborative. Joined by more than 30 partners, including faith-based, public
and private organizations, our goal is to help more individuals and families
achieve greater financial stability with our free tax preparation services.
The
Benefit Bank
The Benefit Bank is a web-based screening tool that
simplifies and centralizes the process of applying for many state and federal
benefits for low and moderate income individuals and families. The Benefit Bank
is a part of a community-wide response to poverty and can be utilized by a wide
range of community service providers.
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