Updated May 25 at 10:14pm

Taveras: Financial Opportunity Centers have helped more than 1,000 Rhode Islanders

The city of Providence’s Financial Opportunity Centers have yielded significant results since their launch in 2011, announced Mayor Angel Taveras. More

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Taveras: Financial Opportunity Centers have helped more than 1,000 Rhode Islanders

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PROVIDENCE - The city of Providence’s Financial Opportunity Centers have yielded significant results since their launch in 2011, announced Mayor Angel Taveras.

Taveras said that the centers – which help residents retain employment, improve credit scores and build assets – have served 1,100 clients thus far.

The centers were developed in partnership with the R.I. Local Initiatives Support Corp. Three centers are located in Providence, with a fourth managed by LISC in Woonsocket.

At the Cities for Financial Empowerment Coalition quarterly meeting on Monday, Taveras applauded the city’s success in providing its citizens with economic services.

“Providence’s Financial Opportunity Centers are providing critical training and services to help residents attain economic stability,” Taveras said in a statement. “These supports help residents gain stable financial footing, from building a family’s credit score to helping a working parent retain an existing job.”

The centers are funded through national and city grants, and, according to a release from the mayor’s office, the successes of the four centers demonstrate Providence’s commitment to the financial success of its citizens.

To date, the centers’ services have helped place 326 clients in jobs, helped 205 clients achieve an increase in net income and 114 clients improve their credit score.

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