In 2013, our community ranked “50th out of 50 in economic mobility among the largest US cities – specifically the ability of a child born in the bottom income quintile to rise to the top income quintile as an adult.”
The community reacted to this alarming study and the Economic Opportunity Task Force was established, charged with identifying existing barriers, understanding determining factors and providing tangible recommendations that will begin to address this disparaging “achievement gap” for economically disadvantaged children and “opportunity gap” for their parents in our community.
In March 2017, the Economic Opportunity Task Force Report was released, naming three top determinants – each with strategies toward improving upward mobility, including:
1Early Care & Education
2College and Career Readiness
3Child and Family Stability
Family Impact Fund is positioned to address the Economic Opportunity Task Force Report’s three major determinants and the following specific strategies which best align with our organization’s mission:
- “Make the necessary investments to ensure all children in Mecklenburg County from birth to age five have access to quality early childhood care and education”
- “Expand and strengthen support for first-generation and other low-socioeconomic students who need help transitioning to and completing postsecondary education”
- “Help more families get on and stay on a path to living-wage income and asset building”
The Family Impact Fund is committed to supporting these strategies that will:
- allow children (birth – pre-k) on the Child Care Subsidy waiting list to experience high-quality (4 and 5 star-rated), full-time/year-round education and child care which will positively impact their school readiness
- allow their parents to work full-time, take job promotions and/or continue their education which will advance their career opportunities
- allow families on the “Benefits Cliff” (over 200% Federal Poverty Level) to continue receiving the child care subsidy – between 200% Federal Poverty Level and 100% State Median Income (on a sliding income scale) – which will provide a path for families toward sustainable self-sufficiency in order to realize upward economic mobility.