PNC Bank

$50K Grant for Financial Empowerment in Low-income Area

YOUNGSTOWN, Ohio – The PNC Foundation has awarded the United Way of Youngstown and the Mahoning Valley $50,000 to improve access to financial assistance and promote financial equity.

The funding is part of PNC’s $1 billion commitment to help end systemic racism and support the economic empowerment of Black and low- and moderate-income communities. 

Many people who fall below the poverty line are not aware of options that could help them become self-sufficient and financially stable. The local United Way and its partners will provide participants with resources and training related to budgeting, credit fundamentals, savings, and understanding and improving their credit report.

Financial empowerment sessions will take place in two neighborhoods in Youngstown year-round. 

The initial session is scheduled for 5-6 p.m. Oct. 25 at Heart Reach Ministries at 211 Rodondo Road, Youngstown. Participants will hear from Ted Schmidt, regional president of PNC Bank, as well as representatives from United Way partner agencies. 

Afterward, the participants will complete a survey to help them determine which organization can best assist them. 

The services and education will focus on the following areas: financial coaching, outreach and education, Volunteer Income Tax Assistance programs, improving banking relationships, debt elimination, credit score improvement, and first-time home buyers support. 

Published by The Business Journal, Youngstown, Ohio.