Detroit Financial Well-being Innovation Challenge Launch
Wednesday, February 2 @ 1:00 pm — 2:30 pm
SAVE THE DATE: Feb. 2, 2022, 1–2:30 p.m.
United Way for Southeastern Michigan, in partnership with University of Michigan’s Poverty Solutions, invites you to a virtual convening on Feb. 2, 2022, from 1–2:30 p.m. to celebrate the official launch of the Detroit Financial Well-being Innovation Challenge!
This event will include an introduction to the Challenge and how to participate, guest speakers, interactive idea-sharing activities, and a special performance from poet Ber-Henda Williams. The event is open to potential applicant organizations, stakeholders, and members of the public.
More about the Detroit Financial Wellbeing Innovation Challenge
The Detroit Financial Well-being Innovation Challenge is a multi-year, $2 million-plus initiative to provide funding and support to organizations to think big, collaborate, plan, pilot, and scale new ideas to improve Detroiters’ financial lives. The Challenge builds off University of Michigan’s Poverty Solutions’ research report, The Financial Well-Being of Detroit Residents: What Do We Know?, released in January 2021, which found Detroit residents face deep and persistent financial disadvantages even as compared to residents of peer cities — and that these disadvantages are the result of systemic inequities.
Simply put, the financial deck is stacked against Detroiters. The Challenge aims to unstack that deck so Detroiters have more opportunities to thrive financially.
The Challenge is open to a wide range of organizations: nonprofits, community groups, financial institutions, government and quasi-government agencies, private corporations, and others. We especially encourage cross-sector collaborative teams and will be creating opportunities for organizations to connect, collaborate, and develop partnerships. The Challenge is committed to centering the lived experience of Detroiters who know first-hand what it’s like to struggle to make ends meet and face impossible financial decisions. Throughout the Challenge, there will be multiple opportunities for community participation and feedback.
Please join us for the launch convening to learn more about the Detroit Financial Well-Being Innovation Challenge and how you can participate. Register today to secure your seat.