Local Initiatives Support Corporation (LISC) Connecticut has selected Naugatuck Valley Community College as a Financial Opportunity Center (FOC) in the inaugural year of LISC Connecticut’s FOC network. This partnership affords the College an opportunity to support our communities with greater financial empowerment by serving as a supporting Financial Opportunity Center (FOC) site; NVCC has been awarded $30,000 to participate in this community service grant. The FOC is focused on improving the financial lives of individuals and families who have limited wealth, income, and employment opportunities.
The grant term runs from October 1, 2020 to September 30, 2021. To prepare for this challenge, the NVCC Community and Economic Development Director, Fay Godbolt, is organizing the hiring of one part-time employment coach/job developer at NVCC. Director Godbolt explained that the job would be posted and training would begin immediately after the coach is selected.
The grant activities also require the College to set up an agreement with Credit Builders Alliance (CBA) to be able to pull credit reports. The LISC partnership with CBA helps to connect new Financial Opportunity Centers (FOC) to an affordable outlet for client credit reports. This set-up process may take up to a couple of months.
NVCC is collaborating with Capital Community College to provide the financial counseling services. Godbolt notes, “The FOC will provide a wrap-around service delivery that is flexible, family-oriented, and comprehensive.” CEO Dr. Lisa Dresdner expressed her appreciation to Godbolt for pursuing and securing this partnership that will help so many people in our community.