Financial Opportunity Center
Financial Opportunity Center (FOC)
Financial Opportunity Centers® (FOCs) are career and financial coaching service centers that help families living on a low- to moderate-income build effective money habits and focus on the financial bottom line. This project is made possible by LISC https://www.lisc.org/about-us/mission/ , (Local Initiatives Support Corporation), a national organization that works with community based partners to make investments in housing, businesses, jobs, education, safety and health.
Through the Financial Opportunity Centers, Access and its partners provide employment and career counseling, one-on-one financial coaching and education and low-cost financial products that help build credit, savings and assets. Clients are also connected with income supports such as food stamps, utilities assistance and affordable health insurance. The cornerstone of the FOC model is providing these services in an integrated way—rather than as stand-alone services—and with a long-term commitment to helping clients reach their goals.
This is model leads to success. According to LISC research, integrated or “bundled” services lead to concrete gains in net income and job retention. Research shows that FOC clients who take advantage of combined services are 50 percent more likely to land a well-paying job than people receiving employment services alone. And long-term job retention—holding a job for a year or more—almost doubles when financial coaching reinforces the work of employment counseling. To find out more contact, contact us.