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Rise Memphis tells commissioners county investment unlocked large debt reduction but commissioners press for district‑level reporting
Summary
Rise Memphis reported that a $600,000 county investment helped leverage $880,925 in program funds and supported 2,421 residents and $8.68 million in documented personal debt reduction; commissioners pressed Rise on missed quarterly reports, asked for zip‑code breakdowns and clear accounting of funds passed to partner offices.
Rise Memphis presented results on April 22 from a county investment that executive director Malcolm Rawls said the nonprofit used to expand the Greater Memphis Financial Empowerment Center and related programs.
Rawls said the county's $600,000 was matched by $280,925 of Rise funds, bringing total program resources to $880,925, and that the program had served 2,421 residents and run 9,462 counseling sessions over 18 months. He told commissioners that clients had reduced $8.68 million in personal debt and grown cumulative savings by $575,329. Rawls described those figures as documented…
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