Cities for Financial Empowerment Fund
The CFE Fund helps mayors with strategies developed for cities … by cities.
In this March 2021 press release, the CFE Fund, with support from seed funder Bloomberg Philanthropies, as well as Capital One, the Citi Foundation, The JPB Foundation, JPMorgan Chase & Co., and the Wells Fargo Foundation, welcomes five new local governments (Columbus, OH; Dallas, TX; Jackson, TN; Louisville, KY; and Pueblo, CO) to the newest FEC Planning cohort after a competitive application process. They join 30 other local governments that have already launched, or are working to launch, FEC services that have already served 116,000 clients, helping them to reduce $160 million in debt and build $26 million in savings.