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New Financial Opportunity Centers To Open in Newark

Posted at March 28, 2016 | By : | Categories : Press Releases | 0 Comment

FOR IMMEDIATE RELEASE

New Financial Opportunity Centers To Open in Newark

Newark, NJ (Feb. 23, 2016) — For someone living paycheck to paycheck, building financial wealth is daunting. To aid low- and moderate-income families looking to boost their earnings, New Community is proud to announce the opening of its new Financial Opportunity Center on Tuesday, Feb. 23, 2016, at 10:30 a.m.

The grand opening will include top officials from New Community, Greater Newark LISC, Urban League of Essex County and the City of Newark. The program and ceremonial ribbon cutting will take place at the New Community Financial Opportunity Center, located at 274 South Orange Ave. in Newark and will include tours and demonstrations from one if its vocational training programs.

“The Financial Opportunity Center will allow New Community to weave existing initiatives at our agency into the FOC, reinforcing our comprehensive approach to helping people reach self-sufficiency,” said Richard Rohrman, CEO of New Community. “When we talk about building wealth for a single mother or a young person looking for a job, we know that the best approach is a comprehensive coordinated one. Our FOC is strategically located at the New Community Workforce Development Center, which serves as a hub for related programs. Already, our Financial Opportunity Center has helped local residents with establishing credit history, budgeting, identifying credit card debt and food stamp enrollment, among other needs. By empowering our communities with financial knowledge and a multi-faceted approach to building wealth, we are together building a stronger Newark,” he said.

“Disadvantaged families face multiple barriers to achieving economic stability, which is why our Financial Opportunity Center model is so effective,” explained Rhonda Lewis, Executive Director, Greater Newark LISC. “Our centers oer families and individuals in need of a comprehensive array of targeted empowerment services including financial literacy coaching and financial planning, access to a credit union, job training, job placement, resume writing assistance, computer training, and more. All of these services are administered directly through the centers and our case management support services are ongoing to ensure sustainable success.”

New Community is operating one center and the other center will be hosted by the Urban League of Essex County located at 506 Central Ave. in Newark.

The Financial Opportunity Centers are an initiative of LISC and funded in part by the Nicholson Foundation, with support from Greater Newark LISC.

Media contact:
Eunice Lee
elee@newcommunity.org
973-497-4413