Neighborhood Allies, the Urban Redevelopment Authority of Pittsburgh, and the national nonprofit Cities for Financial Empowerment Fund (CFE Fund) announced the launch of Small Business Boost, a new pilot to connect small business owners and entrepreneurs to one-on-one Financial Empowerment Center (FEC) financial counseling.
“While starting a small business can be a promising pathway to financial stability, entrepreneurs often begin this path with existing financial challenges, which both exacerbates their inability to access capital to start or grow their small businesses and translates into inadequate savings to manage irregular cash flow. While the Financial Empowerment Center (FEC) can assist anyone who needs financial counseling services, the Small Business Boost program will help local entrepreneurs and small business owners in Pittsburgh improve their personal finances, better positioning them to access capital and achieve their business goals,” said Amber Book, Program Manager, Pittsburgh Financial Empowerment Center.
Neighborhood Allies is focused on moving low-income, diverse Pittsburghers up the socio-economic ladder. The Small Business Boost initiative will help local entrepreneurs and small business owners improve their finances through four pillars
- Increase Savings,
- Reduce Debt,
- Increase Credit, and
- Safe Banking Practices.
During the initial meetings a representative will take your info and help set up goals according to your needs. Afterwards, you can meet as often as needed to keep your plans on track. In addition, to ensure inclusive services, Spanish language translation will be available upon request.
Entrepreneurs and small business owners interested in FEC financial counseling can access services by going to fecpgh.org, emailing email@example.com, or calling 1-800-298-0237.