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Financial Empowerment Center highlights debt reduction, asks council to continue $150,000 contribution
Summary
The Greater Jackson Financial Empowerment Center told Jackson City Council it returned measurable financial benefits for residents and the city and asked the council to continue the city’s $150,000 annual support as the budget is finalized.
The Greater Jackson Financial Empowerment Center (FEC) told the Jackson City Council on the June agenda that its one-on-one counseling and partnering programs helped families reduce debt, increase savings and improve credit scores, and asked the council to continue the city’s $150,000 annual contribution.
The FEC director, Tyler Carr, said the program served roughly 140 clients in the past year and has helped more than 650 families since launch, collectively reducing nearly $640,000 in non‑mortgage debt and increasing savings by about $250,000. Carr described the center as ‘‘one of Jackson’s most strategic tools for long‑term stability and economic growth’’ and urged council members to champion and refer residents to the service.
Carr said Jackson’s pro‑rata portion of…
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