Raimondo launches Empower RI initiative

RHODE ISLAND TREASURER Gina Raimondo, announced a new financial empowerment plan: Empower RI.
Posted 10/16/12

WARWICK - A new financial empowerment plan has been announced by R.I. General Treasurer Gina M. Raimondo.

The initiative, Empower RI, was launched today along with The Rhode Island Financial Coaching Corps and the Capital Good Fund.

Financial empowerment enables people to make more informed decisions to reach their fiscal goals. This is accomplished by better personal planning, understanding the risks of debt and learning about the safest and most affordable financial services.

The Rhode Island Financial Coaching Corps is a community-based partnership between the treasury department and CGF, a Providence-based nonprofit microfinance organization. CGF provides creative microloans and personal financial coaching.

The Financial Coaching Corps will help match volunteers with financial skills to Rhode Islanders looking to take charge of their finances through one-on-one financial coaching, regardless of finances.

Research indicates 67 percent of Rhode Islanders say they have difficulty covering expenses and paying bills, only 36 percent have emergency funds and over 30 percent have no retirement plans. In addition, 62 percent do not know their retirement needs.

“Far too many Rhode Islanders face challenges that might have been avoided through a greater understanding of personal finance,” Raimondo said in a statement announcing the program. “If families are more financially stable at home, our entire state will benefit. Financial empowerment can play a role in our economic recovery.”

“By partnering with Treasury, we are able to expand our financial coaching reach,” Andy Posner, co-founder and executive director of CGF, said in a release. “The FCC is an innovative and forward-thinking model that will allow us to assist more Rhode Islanders to become financially capable and, in turn, will strengthen our state's economy.”

To learn more, or volunteer for the Financial Coaching Corps, visit:

PBN Hosted

Join PBN and two panels of successful female executives, business owners and entrepreneurs as we delve into what women should do to advance their careers, and become leaders in the corporate world and their own enterprises.
  • Book of Lists Party
    Save the date - January 15, 2015 for PBN's Book of Lists Party at the Providence ...
Purchase Data
Book of Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  • Purchase an e-File of the entire Book of Lists database
  • Purchase a printed copy of the Book of Lists
    Latest News