African American women in Georgia will receive stimulus checks through fall 2024 (September), by the Georgia Resilience and Opportunity Fund (GRO).
The GRO is a social program that aims to reduce the racial gap and mitigate poverty rates in the African-American community.
The project benefits more than 650 women throughout the state of Georgia through a monthly payment of $850, she said. GRO on his Linkedin profile.
It is worth noting that the foundation is based in Atlanta, so women who live in the city have an advantage in accessing benefits.
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In the state of Georgia
So far, the GRO It is the only monetary and social incentive provided by the State of Georgia to low-income people in the short term.
Likewise, this initiative will only take into account taxpayers who filed in April 2021.
More details on stimulus checks
It is worth noting that this social initiative will include 270 more participants during the remainder of summer 2024.
On the other hand, the GRO is planning to launch a trust project called “Baby Bonds”.
“These are trust accounts for children, which are financed with public funds for the acceleration and creation of wealth,” the foundation specifies.
This proposal estimates closing the racial and wealth gap by 50%.
This pilot program is also expected to last six years and begin in 2025.
Other data from Baby Bonds
He GRO It also seeks to help young people and guarantee them a more dignified present, as well as a future full of possibilities through Baby Bonds.
If Baby Bonds is fully established, the aim is to create a fund of 40,000 dollars and benefit more than 250 young people, between 15 and 24 years old, with 500 dollars a month.
This fund of 40,000 dollars is expected to encourage this social sector to achieve financial stability.
Whether it is starting a business, entering a university or creating retirement funds.
“A $40,000 Baby Bond can cover almost a 10% down payment on the average home in the Atlanta metropolitan area,” its website states.
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2024-07-18 07:26:52
