NE Franklin News

Mayor Andrew J. Ginther, along with the Columbus City Council and several community nonprofit partners, has announced a new initiative aimed at boosting the economic prospects of local residents. The two-year Economic Mobility Accelerator Program is designed to enhance the financial stability, health, and well-being of up to 200 households in Columbus.

The city plans to invest $2.5 million in cash payments for individuals whose earnings exceed the federal poverty level but fall short of covering Central Ohio's cost of living. Participants will receive monthly payments of $500 to use as needed for expenses such as housing, healthcare, childcare, or transportation. To qualify for these funds, recipients must enroll in and complete one of six programs that provide job training, career services, or wealth-building guidance.

"Columbus residents are challenged to make ends meet," stated Mayor Andrew J. Ginther. "By directly investing in our neighbors, we are directly investing in their success."

The program’s income qualifications depend on household size. Columbus City Council President Shannon Hardin expressed optimism about the initiative: “Through this program, we're giving Columbus residents a crucial stepping stone from simply getting by to truly thriving.”

Six community partners will manage economic mobility programs and oversee direct funding assistance for eligible participants. Among these partners is Alvis; its president and CEO Denise M. Robinson remarked on the collaboration: “Having the city as a partner helps us to provide the workforce development and support services our clients need.”

Additionally, participants will benefit from financial literacy training through the Community Financial Wellness Initiative in partnership with the Financial Empowerment Center.