Building Financial Innovation Capacity in DC
GrantID: 1649
Grant Funding Amount Low: $10,000
Deadline: Ongoing
Grant Amount High: $10,000
Summary
Grant Overview
Understanding the Urban-Native Dynamic in Washington D.C.
In Washington D.C., Native students often face unique challenges in accessing educational resources, particularly in finance and business sectors. A significant number of Native youth in D.C. attend schools that lack comprehensive financial education programs. The Council of the District of Columbia reported that only about 25% of schools provide dedicated financial literacy courses, leading to a substantial gap in knowledge and preparation for higher education.
Who Should Apply in D.C.
Eligible applicants for the DC Native Finance Innovation Lab should be Native undergraduate students who are pursuing degrees in finance or business. Additionally, candidates must demonstrate a commitment to cultural representation within financial sectors. The program aims to support students who are not only academically qualified but also passionate about addressing the financial literacy crisis within their communities.
Application Requirements for D.C. Students
To apply, students must complete an online application, which includes their academic transcripts, personal statements, and examples of community engagement or projects related to finance. The emphasis is placed on how candidates will utilize the financial knowledge gained from the program to benefit their communities, as well as their potential for fostering innovative solutions to financial challenges faced by the Native population in D.C.
Target Outcomes for the D.C. Initiative
The DC Native Finance Innovation Lab aims to cultivate a generation of Native financial leaders who are equipped to tackle the challenges of urban economics. By focusing on hands-on projects and collaboration, the program seeks to instill practical financial skills and knowledge that are immediately applicable in real-world scenarios. Students will work on finance-related projects that aim to address specific challenges faced by Native communities in the D.C. area.
Implementation Plan for D.C.
The program will operate from a dedicated collaborative workspace in Washington D.C., which will serve as a hub for creativity and networking. Through workshops and mentorship opportunities, students will connect with local business professionals, enhancing their understanding of the finance sector while building lasting relationships. This urban-focused initiative is distinct from programs in more rural areas, as it addresses the complexities of financial education and economic engagement in a metropolitan context. By fostering innovation, the program empowers students to find creative solutions to financial issues affecting their communities, thus elevating the voices of Native populations in urban financial landscapes.
Eligible Regions
Interests
Eligible Requirements
