Beverly Bootstraps is excited to announce the launch of its new Economic Mobility Coaching (EMC) program, which puts individuals in charge of creating their own paths to economic independence. In response to client feedback and the growing and evolving needs of our community, we partnered with Economic Mobility Pathways (EMPath) to deepen our case management work and partner with our clients more comprehensively.
We know that many of our clients are on the brink of self-sufficiency but need additional support to navigate the “last mile” toward economic mobility. While programs offering this level of support are often available to individuals with significant needs, such as shelter residents, fewer resources exist for those who are on the cusp of the middle class. Beverly Bootstraps is working to address this gap.
Through EMC, our Case Management team helps participants develop realistic, achievable plans to secure employment that provides enough income to support their families while building savings, creating a more secure financial foundation for the future. Beverly Bootstraps will also provide financial assistance to help remove barriers to success, provide financial incentives for goal achievement, and create matched savings accounts for participants.
Guided by brain science and based on research developed by EMPath, EMC is a holistic, comprehensive approach to support individuals and families on their path to greater economic mobility. The program helps participants establish and work toward personal goals in five key areas:
- Family Stability
- Having an affordable, safe, and stable home.
- Ensuring children’s needs are met so parents can pursue education or employment.
- Well-Being
- Maintaining physical and mental health to support participation in work, school, and family life.
- Building a strong, diverse social network for resources, support, and guidance.
- Financial Management
- Building savings equal to three months of living expenses and planning for the future.
- Managing debt in balance with income.
- Education and Training
- Achieving the education, training, or credentials needed to secure employment that provides enough income to support the family.
- Employment and Career Management
- Securing a career that offers opportunities, benefits, and earnings that exceed the real costs of basic living expenses for the family.
In this three-year program, participants work one-on-one with a coach to establish goals and develop a plan for achieving them. The Beverly Bootstraps EMC team recently held its first client meeting. Together, the participant and coach identified an initial goal: securing a one-bedroom apartment within the next six months. We look forward to supporting this participant as they work toward greater stability and a more secure future.
Look for future program and participant updates as we help local families work toward greater economic independence.
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