The City is one of just three Michigan governmental entities to receive a $25,000 grant aimed at providing free professional financial counselors to residents of the community.

The Community Economic Development Association of Michigan (CEDAM) recently announced that Taylor, Grand Haven and Oakland County were awarded the grants, which provide monetary and  technical assistance in setting up the Financial Empowerment Centers. The program is part of the Michigan Communities for Financial Empowerment (MCFE) network, supported by the Charles Stewart Mott Foundation.

The City of Taylor launched the initiative on Friday, June 13, during the Father’s Day 2014 celebration in Phoenix Park, presented by The Villages of Taylor. Families were invited to bring their children and enjoy an afternoon full of free food, games, activities, crafts and family resources. Mayor Rick Sollars and several other city officials and community leaders were in attendance at the event, and the Mayor is proud to have CEDAM’s involvement in Taylor.

“Sound financial advice is something that everyone needs, but some people can’t afford,” he said. “This program enables consumers to have a one-on-one opportunity. They will receive advice on things like managing debt, opening safe bank accounts and building credit. They can receive free advice on how to build a sound financial future.”

“CEDAM is excited to work with Grand Haven, Oakland County and Taylor to help residents create better financial stability through the assistance of free counseling,” said Megan Kursik, coordinator of the Michigan Communities for Financial Empowerment network at CEDAM. “The Financial Empowerment Centers in each community will target residents facing challenging financial times, helping consumers to reduce debt, improve credit and plan and save for their future.”

Taylor is finalizing plans on their partnership with The Information Center on the Financial Empowerment Center. For more information, call the toll-free telephone number at (800) 633-3124.

The new Financial Empowerment Centers in Michigan are inspired by a national replica of the Financial Empowerment Center model, led by the Cities for Financial Empowerment Fund. Lansing launched the center in 2013, as a result of investment from Bloomberg Philanthropies in the CFE Fund to support replication of the model in five cities nationally.

For more about the Michigan network and CEDAM, click on mcfe.cedam.info.

PHOTOS: At top, city officials and representatives of McKinley Properties and The Information Center gather around Mayor Rick Sollars to promote the launching of the Financial Empower Center plan in Taylor, one of only three entities in Michigan to receive a great. In the middle, everyone again gathers around the mayor at the start of the Father's Day 2014 celebration. At right, volunteers cook up the hot dogs and get ready for the event.