Citi Foundation: Wages Connect
The Citi Foundation and the Cities for Financial Empowerment Fund (CFE Fund) are seeking proposals for Wages Connect. These grants will support innovative programmatic approaches to helping municipally-led workforce development program clients open safe and affordable accounts and receive financial education services. As part of the CFE Fund’s larger Bank On initiative, and building off the success of past banking integrations, CFE Fund’s Wages Connect will provide local municipalities with a planning grant to develop an approach to connect workforce development clients to the financial mainstream with a nationally Bank On certified bank or credit union account. Applicants must manage existing municipal workforce development initiatives and have the ability to make the necessary programmatic, structural, and technological adjustments to build in a banking access component at scale.
Amount: Not specified for the current competition. In the past, awards were made for up to $50,000.
Eligibility: Local municipalities may apply.
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