Columbus has just kicked off a new pilot program aimed at boosting the financial well-being of its residents. Mayor Andrew J. Ginther and Council President Shannon Hardin announced the program at a press conference on Thursday. The funding still needs to be approved by the Council.
The Economic Mobility Accelerator Program is set to run for two years and aims to improve the financial security, health, and overall quality of life for up to 200 households in the city. The program is specifically targeted at those already receiving assistance through local nonprofits.
With a commitment of $2.5 million, the City of Columbus is offering cash payments to individuals who earn above the federal poverty level but below what it costs to live comfortably in Central Ohio. Those selected for the program will get monthly payments of $500, which they can use to help with important expenses like housing, healthcare, childcare, and transportation. To keep receiving these payments, participants must complete one of six job training, career services, or wealth-building programs.
“Many Columbus residents are struggling to make ends meet, with 44% of households in jobs that don’t pay enough to cover the cost of living in our area,” said Mayor Ginther. “By investing directly in our neighbors, we’re helping them succeed and improving their quality of life.”
Who Can Apply?
The income requirements for the program vary depending on household size. For instance, a single person needs to earn more than $1,255 a month (or $15,060 a year) but less than $2,507 a month (or $30,084 a year) to qualify. For a household of four, the monthly income needs to be between $2,600 ($31,200 annually) and $7,607 ($91,284 annually).
“This program is a crucial step for Columbus residents to move from just getting by to truly thriving,” said Shannon Hardin, the Columbus City Council President. “By investing in our neighbors, we’re creating pathways for economic stability and ensuring every family has the chance to build the future they deserve.”
Community Partners Stepping Up
To make the Economic Mobility Accelerator a success, six local organizations are stepping in to provide essential services:
- Alvis Inc.: Offers job training through the EDGE (Empowering Development By Gaining Employment) Program, helping restored citizens find work.
- Columbus Urban League: Runs the Career Connect Hub (CCH) Program, which provides education, job training, and financial literacy for low-income households.
- Goodwill Columbus: Provides a Commercial Driver’s License Training program to help low- and moderate-income folks get their Class A CDL and connect them with jobs.
- New Directions Career Center: Offers the E3 (Educate, Empower, Elevate) Program, which provides comprehensive career services for underemployed women.
- RISE Center & CMHA: Runs the Ready, Set, RISE Programs, focused on breaking down barriers to generational wealth and providing job navigation help.
- United Way of Central Ohio: Hosts the Tax Time Program, which offers financial resources and tax assistance to help residents build wealth.
“Alvis is excited to partner with the City of Columbus on the Economic Mobility Accelerator Program,” said Denise M. Robinson, the president and CEO of Alvis. “Many of our clients face hurdles in finding jobs. With the city’s support, we can provide the workforce development and services they need to succeed. Last year, our clients earned over $2.9 million in wages, helping support their families and boosting Central Ohio’s economy.”
On top of this, the Community Financial Wellness Initiative will team up with the Financial Empowerment Center, created by the Women’s Commission, to offer participants financial literacy training and a $500 savings account to help them on their journey to financial stability.
The Economic Mobility Accelerator Program brings hope and real opportunity for residents ready to improve their financial situations.
This program is all about investing in our community and helping our neighbors create brighter futures for themselves and their families. With support from local partners and a commitment to uplift those in need, this is a big step towards building a stronger, more vibrant Columbus for everyone.
