Children’s Savings Accounts in NM
Prosperity Works will facilitate a 12-month planning process, starting May 1, 2012, to bring Children’s Savings Accounts to New Mexico. Funded by a $299,977 grant from the W.K. Kellogg Foundation, this will be a community driven process learning from the experience of demonstration projects that have been implemented in the United States over the past decade. By the end of the 12 month period...
Read MoreA Case for CSA’s in NM
The Situation in New Mexico: With almost half of children under 5 in New Mexico living in poverty a future of failure is being written for them that is unconscionable and extremely costly. The corrosive effects of unequal family resources, disadvantaged neighborhoods, insecure labor markets, and worsening school conditions on K-12 education is undermining one of the most important goals...
Read MoreEnergy Task Force
This month at the 2012 legislative session, New Mexico took its first step towards sustained energy assistance for low income New Mexicans. Thanks to a joint legislative memorial spearheaded by Prosperity Works and championed by Representative Gail Chasey and Senator Linda Lopez, a task force will be formed in May 2012 to study ways to provide energy bill assistance to low income...
Read MoreAssets for All
“For every dollar owned by the average white family in the US, the average family of color has less than a dime. Wealth, not income alone, may be the most important index of inequality in America.” [1] Goal: Seed a future for every child in New Mexico with Child Savings Accounts (CSA’s) by 2015. Rationale: The stark contrast in opportunities and outcomes for low wealth...
Read MoreFrom the White House…
When the White House looked around the nation to get advice on developing summer jobs and internships for youth, they called on PROSPERITY WORKS. CEO Ona Porter and Albuquerque student, Daniella Sanchez joined corporate executives from fortune 500 companies, Federal Department Secretaries and a handful of other nonprofit representatives in the Summer Jobs+ Summit last week. The day long...
Read MoreNew Mexico Prospers in 2011
“I’m walking out of this financial education course with the knowledge of what I want from my future”. “I am barely 18 and I now know how to manage money, I understand loans, interest rates, and how my money can work for me.” The year of 2011 was one where we saw great joy within tremendous economic hardship for hundreds of thousands of New Mexicans. The joy for so many came...
Read MorePublic Square: Hunger
In case you missed it on the television… Prosperity Works CEO & President, Ona Porter will be featured on KNME, December 30 at 7:00PM!!! Many New Mexican families wonder how they are going to put food on their tables and keep their children from going to bed hungry. In this edition of KNME’s monthly public affairs program, community members and leadership (including Prosperity...
Read MoreOpportunities Start Here!
Congratulations to the recent graduates of Financial Education Class sponsored by Encuentro and Prosperity Works. What makes this graduating class unique? The 17 graduates are single mothers and their college bound children! Both mother & child are now saving to continue their education with an IDA. “The graduation celebration was great last night,” says Monica Cordova, IDA Coach...
Read MoreProsperity Works on You Tube
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Read MoreCongrats to Martinez family!
Congratulations to Nita Martinez & her family on the recent purchase of their home in Zuni, New Mexico! A big thank you to her IDA Coach, Lorelei Sanchez with Zuni Pueblo Housing Authority! Prosperity Works wants to share a message from Nita Martinez… “I thank all those that help fund the IDA Program. It makes me think if I can save, so can others. This lesson has helped...
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