Monday, January 4, 2016

Community Investors III - Momentum

The third non-profit highlighted in the CIES Community Investors Series is Momentum. Momentum exists because, despite all of Calgary’s prosperity, there are still people living in poverty in our city, many of whom work full-time hours. These Calgarians do not need a band-aid approach to crisis management; they need the tools to prevent such crises from happening. Momentum serves people who are ready to make a change and make it last.Through skills training, financial literacy education and business development support, Momentum helps people maximize their economic potential. The results are individuals and families with sustainable livelihoods, who are able to contribute to their community. Momentum conducts presentations at CIES several times a year and we count them as an invaluable partner in the services we provide our clients.

It is also important to note that the economic costs of poverty are relevant to us all. Alberta taxpayers contribute between $7.1 billion and $9.5 billion every year to maintain persistent levels of poverty. These costs include direct benefits to families living in poverty as well as health, crime and other factors. If one factors the billions in lost tax revenue these numbers double.

In the end Momentum envisions every person as having a sustainable livelihood who can contribute to their community and to work towards this vision, momentum partners with people living on low incomes to increase prosperity, and inspires the development of local economies with opportunities for all. CIES would like to extend a healthful thank you to Momentum for the incredible impact you have on the life of Calgarians  the last 25 years. For more information about Momentum visit there website or give them a call at 403-272-9323. 

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