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Weathering the Economic Storm:
Developing the Community Response

 

We are all keenly aware of the difficult times facing our country, and our region.  We know that families in Coastal Fairfield County are facing challenging times which may possibly become even more so.

While no one can predict the long-term ramifications of this financial crisis and fundamental shift in our economic climate, the need to address what is happening and to begin discussing its affects on our communities is urgent.

On November 12, we will be holding a Summit:  Weathering the Economic Storm:  Developing the Community Response.  As a key community leader, you are important to our region’s success and meeting the community’s needs, and we need your input.   

A panel of key thoughts leaders in the area will lead the discussion and includes:

  • Vince Woodward, Economist, People’s United Bank
  • Anne Foley, State of CT Office of Policy & Management
  • Joseph Carbone, President, The Workplace
  • Marilyn Ondrasik, Executive Director, BCAC
  • Dr. Peter Powell, Executive Director, Interfaith Housing Authority
  • Brian Langdon, President, Family Services Woodfield

You will then work side by side with community leaders, town government, social services and non-profit organizations.  This will be the start of developing the strategy that will ultimately anticipate and address the long-term needs of our communities.

Please join us for this important work.  You will receive additional information once you have registered

Wednesday, November 12, 2008
3 – 5:30 p.m. 

Fairfield University
Dolan School of Business

Please RSVP to Donna Pfrommer at 203-339-6312 or dpfrommer@unitedwaycfc.org.

 

Space is limited.

 

Financial Stats

  • 63 percent of U.S. families below the federal poverty line have one or more workers, according to the Census Bureau. (Source: Michelle Conlin and Aaron Bernstein.  “Working…and Poor”, Business Week, May 31, 2004)
  • 3.5 million full-time workers earned less than poverty-level wages.  (Source: Thomas Z. Freedman.  “How to Really Help Low-Wage Workers,” The Washington Post, February 2, 2007)

 

Financial Glossary

What is an IDA?
Individual Development Accounts, or IDAs, are matched savings accounts designed to help low- to moderate-income families accumulate savings for long-term assets such as a house, vehicle, a small business, or post-secondary education.  The match incentive is similar to an employer match for a 401(k) or other retirement savings plan and is provided by a variety of government and social sector sources.  IDA programs are implemented by community-based organizations in partnership with a financial institution that holds the deposits. More than 500 IDA programs have been launched across the country, allowing more than 15,000 people to save and build assets.