Great Lakes Community Action Partnership (GLCAP) in partnership with Local Initiatives Support Corporation (LISC) has announced the grand opening of Financial Opportunity Center (FOC) services to assist Fremont-area residents with financial and employment needs. The announcement took place during an Aug. 25 virtual news conference hosted by GLCAP and LISC.
Located in GLCAP headquarters at 127 S. Front St. in downtown Fremont, FOC services will assist low to moderate-income families with securing living wage jobs, building credit, reducing debt, and gaining wealth. FOCs provide families with employment services, financial education and coaching, and public benefits access. GLCAP’s goal is to serve more than 60 individuals and families in the first year with customized financial stability action plans provided through the FOC.
“We are pleased to work with LISC and extend FOC services to people in our area who need financial and employment assistance,” GLCAP President/CEO Ruthann House said. “GLCAP is always looking for ways to help our community progress economically, and the FOC model absolutely accomplishes that.”
“The FOC model is focused on helping low to moderate income families learn how to change financial behavior in ways that increase income, decrease expenses and help acquire assets,” said Caitlin Cain, Vice President of Rural LISC. “We are excited to see this valuable program expand into rural Ohio at a critical time in our nation’s pandemic response—and its economic impact—to help thousands of individuals and their families improve financial and employment opportunities.”
The Fremont FOC is part of LISC’s national effort to expand the FOC model across rural communities in partnership with agencies like GLCAP, and with support from critical funders such as General Motors and ProMedica.
“We are so thrilled to see more Financial Opportunity Centers opening,” said Kate Sommerfeld, president of the ProMedica National Social Determinants of Health Institute. “This is an extension of the legacy of Russell Ebeid and his vision for meeting people where they are, deepens our already robust partnership with LISC, and also brings us closer to our vision of scaling effective social needs and determinants solutions in communities not just across Ohio, but across the country.”
The FOC model serves 30,000 individuals and families annually through LISC’s 90-plus FOCs operating across the country.