Financial literacy event hosted in Tifton

Tift County
Tift County(WALB)
Published: Oct. 7, 2022 at 5:53 PM EDT
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TIFTON, Ga. (WALB) - A financial literacy event was hosted in Tifton on Friday, in collaboration with FHL Bank of Atlanta.

The lunch event was held at the Leroy Rogers Senior Center in Tifton and featured remarks from Tifton Mayor Julie Smith, FHLBank Atlanta Director of Community Investment Services, Arthur Fleming, Chief Executive Officer and Executive Director of the Georgia Municipal Association, Larry Hanson, and Director of Enterprise Learning for Money Management International, Tara Alderete.

“The financial health of our community impacts all of us, and having the right partners at the table is critical to the success of this initiative and for our residents,” Smith said. “Taking care of our residents and the industries in Tifton is critical to the success of our city.”

The goal of the Tifton Financial Literacy Initiative is to help solve challenges related to poverty, low homeownership rates, and other issues by implementing a comprehensive financial literacy initiative through which every resident of Tifton can participate.

Tifton city officials said the initiative complements Launch Tifton, the city’s plan to create and promote housing options for residents. Tifton is at the crossroads of central Georgia with a population of just over 17,000 residents. Nearly 60% of housing units in Tifton are rental properties, and almost 30% of the population lives below the poverty line.

Fleming said Friday’s event represented the initial step in the creation of the Tifton Financial Literacy Coalition, which aims to establish a three-year plan to provide financial literacy, property literacy, small business literacy and homeownership counseling and training to Tifton residents.

The coalition is projected to launch in January 2023.

“We are grateful to Mayor Smith, the Georgia Municipal Association, and Money Management International for partnering with us for this important event to recruit more stakeholders,” said Fleming. “Working together with our members and other stakeholders who have a vested interest in promoting greater financial and housing literacy, we hope to improve the lives of thousands of Tifton residents who will benefit greatly from this initiative and the ongoing work of the Tifton Financial Coalition.”