Hawaiian Community Assets Secures Funds to Expand Youth Financial Education on Big Island

July 23, 2010

Media Release

FOR IMMEDIATE RELEASE

Hawaiian Community Assets Secures Funds to Expand Youth Financial Education on Big Island; Enhances Statewide Family Financial Education Initiative

HILO, HI – Local nonprofit, Hawaiian Community Assets (HCA), has secured funds from Hawaii County Department of Research and Development to expand its youth financial education program on Big Island.  The funds will allow HCA to conduct 2 train-the-trainer sessions on island for service providers, teachers, and individuals interested in starting youth financial education programs using Kahua Waiwai, Opio Edition©, purchase curriculum for distribution to trained trainers, and serve 150 Big island youth with free financial education in their own communities over the next year.

“Informed management of financial resources is essential to asset building.  Assets provide stability in time of difficulties for many island families and help expand economic opportunities for island youth,” says Alex Frost, Hawaii County Economic Development Specialist. “We are excited to partner with HCA to provide more access to culturally relevant financial education on Hawaii Island.

With additional Hawaii County funds, HCA will launch a pilot matched savings program in which youth participants will be equipped with age-appropriate financial education training, establish a long-term savings goal, and apply a cost-benefit analysis that measures short- and long-term impacts of the savings goal purchase on family, community, and the natural environment.

“Establishment of our youth match savings program shows how Big Island has become an incubator for innovation in community-based financial education and asset building,” says HCA Program Coordinator, Jeff Gilbreath.  “We mahalo Hawaii County for their foresight and leadership on this front and we encourage others to join us as participants, teachers, and funders so we can offer hands-on financial education opportunities to youth across the state.”

The secured Hawaii County grant funds further enhances HCA’s broader Statewide Family Financial Education Initiative, which since its launching in April 2010 has garnered of over $21,000 toward the cost of delivering free financial education to families statewide over the next year.  Partnerships with Newman Consulting Services, LLC and About Face Family Programs have also recently been established as part of the initiative in order to promote job training and placement for both youth and adults.

Individuals and organizations interested in attending the August 9th – 10th (Hilo) and 16th – 17th (Kona) 2-day trainer-the-trainer sessions should contact HCA at (toll-free) 1.866.400.1116 to receive a registration form.  Cost of attendance is $35 and space is limited.

For more information about HCA’s youth financial education program or Statewide Family Financial Education Initiative, contact Mr. Gilbreath at (toll-free) 1.866.400.1116 or via email at jeff@hawaiiancommunity.net

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Hawaiian Community Assets (HCA) is a 501(c)3 nonprofit organization that builds the capacity of low- and moderate-income communities to achieve and sustain economic self-sufficiency.  HCA’s philosophy supports homeownership, financial education, and asset building programs to achieve its mission.

Media Release Contact

Jeff Gilbreath

Program Coordinator

(P) 1.866.400.1116

(E) jeff@hawaiiancommunity.net