The City of Savannah has been chosen to join the CityStart initiative, a program by the Cities for Financial Empowerment Fund (CFE Fund). This initiative aids local governments in crafting comprehensive financial empowerment strategies. Savannah will receive intensive technical assistance and a $100,000 planning grant to develop a financial empowerment blueprint. This plan aims to support residents in building assets, enhancing economic mobility, and achieving long-term financial stability.
Mayor Van R. Johnson II emphasized the importance of this initiative: “Building wealth at the neighborhood level is key to building a stronger Savannah for everyone.” He added that it would address current barriers while creating a roadmap for future generations.
City Manager Jay Melder expressed enthusiasm about the project: “CityStart gives Savannah the tools, expertise, and partnerships we need to turn financial empowerment into lasting outcomes for our residents.” He highlighted the importance of designing a strategy that reflects community needs.
Jonathan Mintz, president and CEO of CFE Fund, remarked on the broader impact of such initiatives across the country: “Our CityStart initiative provides a platform for deep engagement between governments, residents, and other critical partners.”
This effort builds on previous initiatives in Savannah focused on financial literacy and economic mobility. Through CityStart, Savannah will align its plans with local priorities and partnership opportunities. The city joins others like Kansas City; Memphis; Milwaukee County; Springfield; and St. Petersburg in this national cohort.
Since its inception, 44 localities have participated in CityStart. These cities collaborate to share ideas and best practices in policy development. Past participants like Cincinnati and Leon County have launched successful financial empowerment initiatives.
The CFE Fund supports municipal efforts to improve household financial stability by leveraging local government opportunities. It has provided over $69 million in grants to municipal partners across nearly 150 cities and counties.
