It’s a great time to get support without being what she termed “money-shamed” for not adequately investing or preparing for retirement or failing to read fine print. The strategies that could be learned on the tour “can change the narrative … change the landscape on how we deal with money as a rule … so that all of us can be on top of the money train,” Adams said. “This is a great opportunity for our women to learn how to maximum our return on our investment,” she said, especially as so many people are dealing with financial fallout from the pandemic. Investors and finance managers reach out to her frequently to talk about trust issues Black people have in seeking or receiving advice about money. CABWCEI is trying to do that and more with their upcoming tour,” Hudson said.Ĭathy Adams, president of the Oakland African American Chamber of Commerce, said that this tour and its objectives are much needed in the Black community and especially for Black women. “That kind of community support is what is needed in order to rise up together. “We have to develop a support system and have less competitiveness, so that we can build up generational wealth.” She also spoke about her own personal experience, explaining that her daughter lived with her for years, saving money, and now owns a four-bedroom house. We look forward to a much brighter economic future thanks to events such as these.”īrenda Hudson, finance manager at the Oakland Post, thinks that tour will help Black women in Oakland. “Wealth building through entrepreneurship and related activities is essential to the economic advancement of Black women and to overcoming historic disadvantages we’ve faced as a result of systemic racism. “BWOPA is delighted to partner in this much-needed enterprise,” said founding member Gay Plair Cobb. Oakland Post: Week of July 26 – August 1, 2023 According to cooperative guidelines, capital credits may be returned to EMC members on a schedule determined by their co-op’s management and Board of Directors. Hill explained that capital credits, or patronage dividends, are margins that exceed the cost of providing service for member-owners of an electric cooperative for a given year. A 2005 Georgia law allows electric membership cooperatives to use capital credits unclaimed after five years to fund education, economic development or charitable organizations within the EMC’s service area.” Planters spokesman Randy Hill said this week that, “the scholarships are made possible through Planters EMC’s unclaimed capital credits. Complete the application and mail or drop off by any Planters EMC office location in Millen, Sylvania or Waynesboro on or before the deadline. Students may download an application from the Planters EMC website at under Forms. More than fifty scholarships in the amount of $1,000 each will be awarded.
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