CAAB's FREE Money Management 101 series is back!
Learn how to get your finances in order in this spring!
"Never spend your money before you have earned it."
-Thomas Jefferson
Welcome to CAAB
CAAB Announces New Executive Director
CAAB's Board of Directors announced that Richard Petersen, an experienced workforce development and asset building professional, has been named CAAB's Executive Director. Click here to read the press release.
Metro Washington Bankers Group donates $10K to support JESA Program
Standing from left: Stephen Briggs (Wells Fargo), Kahlil Gross (City First Bank), Phillip S. Williams (CAAB), Craig Pascal (BB&T),
James Taylor (Capital One)
and Chuck Martin (M&T Bank)
Sitting from left: Donna Grigsby (TD Bank),
Olive Idehen (Bank of America) and
Muriel Garr (SunTrust Bank)
MWBG members not photographed: Denise Mason (HSBC),
Terri Copeland (PNC),
Diana Meyer (Citi),
Alfonso Pearson (E*TRADE), Jeff Banks (Bank of Georgetown)
With operating funds already raised for this initiative, CAAB is seeking additional partners like the Metro Washington Bankers Group to match against Federal funds to invest into DC’s emerging entrepreneurs. Every client completing this program will receive $4,500 to invest in their own small business or to put towards job-training expenses to help them become economically self-sufficient and better able to take part in the local economy.
Without the locally-raised matching funds, CAAB will need to return the funds to the Federal Government in the first quarter of 2013, leading to the loss of over $1.2Million that otherwise would have been used to stimulate the local economy and increase the number of skilled workers to compete for local jobs.
Quick facts about JESA:
Each client will receive an 8:1 match against the client’s own savings during the 12-month long program, turning their $500 dollar investment into $4,500
Each client will need to be sponsored by local funders, costing $2,000 per client
This investment yields a 2.25x return as the sponsor’s dollars are matched 1:1 with Federal funds that have been already raised by CAAB.
Washington, D.C. - Before Suze Orman was on Oprah, Michelle Singletary was on TV One.
Capital Area Asset Builders (CAAB) has partnered with TV One and UDC-TV to re-air the financial education series “Singletary Says”, hosted by nationally syndicated Washington Post columnist, Michelle Singletary.
In an effort to provide maximum access to financial education information to DC residents, Capital Area Asset Builders has expanded its reach from the classroom to the living room. CAAB is a 21st century non-profit organization that uses in-person training sessions, digital media and cable television to reach people where they are and provide them with financial information that is relevant, valuable and engaging.
For an online preview the show and more information about CAAB, please visit us at www.youtube.com/CAABTVDC.
To view “Singletary Says” in Washington, DC, UDC-TV can be viewed on Comcast Channel 98, RCN Channel 19, and Verizon Channels 19 and 21.
Air Times on UDC-TV (March) Monday-Wednesday-Friday
10:00am
6:30pm
11:30pm
