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CityStart

City of Monroe to Build Local Financial Empowerment Efforts with Specialized Focus on Racial Wealth Equity

Mayor Friday Ellis is excited to announce that the City of Monroe has been chosen as part of the Cities for Financial Empowerment Fund’s 2023 CityStart Cohort to engage community stakeholders to create public strategies that prioritize financial mobility of Black residents.

The City of Monroe, along with the Cities for Financial Empowerment Fund (CFE Fund) today announced their selection to participate in the CityStart initiative with a focus on racial wealth equity. The CityStart initiative helps local leaders develop and implement proven strategies to help local families and communities become more financially stable. Bloomberg Philanthropies’ Greenwood Initiative, whose mission is to accelerate the pace of Black wealth accumulation in the U.S., is advising the CFE Fund and grantees on the design and execution of the CityStart program utilizing a racial wealth equity lens.

CITY START MEETING OPPORTUNITIES

April 2024

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CITY START TIMELINE

COMPLETE

Phase 1

Convene an Internal Working Group and an External Stakeholder Group

COMPLETE

COMPLETE

Phase 2

Data Collection

COMPLETE

IN PROGRESS

Phase 3

Resident Engagement

IN PROGRESS

QUEUED

Phase 4

Blueprint Creation and Release

QUEUED