Several South Florida organizations —as well as Miami-Dade residents—will benefit from a recent JP Morgan Chase grant.
The $1.5 million grant was awarded to Miami-Dade Financial Capability Collaborative, which is made up of Branches, Catalyst Miami, the City of Miami, the Hispanic Unity of Florida, Urban League of Broward and United Way of Miami-Dade Center for Financial Stability.
United Way of Miami-Dade will be the fiscal agent of the grant in an effort to help low-to-moderate-income individuals. The grant will aid efforts with financial coaching and tax preparation, programs for unemployment and business loans application assistance and programs that help people grow assets and build liquidity. The grant will also be used to “align and integrate the services of the Collaborative partner organizations across both Miami-Dade and Broward Counties to maximizing utilization of the available services, preventing unnecessary duplication and increasing the impact.”
“At JPMorgan Chase, we are committed to creating long-term economic mobility for some of the most at-risk and vulnerable citizens in our shared community,” stated Maria Escorcia, vice president of Corporate Responsibility for JPMorgan Chase. “We know that the Covid-19 pandemic has made this work only more urgent and needed. We are grateful to work with an organization like United Way that is helping to make a difference and create a safety net for those in Miami-Dade that need it most.”
In a release, United Way of Miami-Dade noted that a little more than half of Miami-Dade County’s households live in or near poverty. According to the organization, “Aligning and integrating financial services to the low-to-moderate income population will mitigate the potential economic fallout caused by the pandemic and restore Miami-Dade and Broward individuals, families, and small businesses to financial health.”
“The grant will continue to assist the South Florida Collaborative organizations with improving our work, enabling us to pivot our services to a virtual environment, streamline and integrate services between partners and launch empowerment programs for small business and individuals, strengthening our community and economy,” Maria C. Alonso, president, and CEO, United Way of Miami-Dade, said. “COVID-19 has tested our community’s resolve while underscoring the power of working together toward the greater good. We are grateful to JPMorgan Chase and our Collaborative partners in their efforts to build a more resilient, financially stable community.”
Learn more about United Way of Miami-Dade here.
