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File #: 0094-2023    Version: 1
Type: Ordinance Status: Passed
File created: 1/3/2023 In control: Small & Minority Business Committee
On agenda: 1/30/2023 Final action: 2/1/2023
Title: To authorize the City Clerk to enter into a contract with Keys to Black Wealth LLC to provide financial services at their annual Black History Month Experience promoting financial wellness; to authorize an appropriation and expenditure within the Neighborhood Initiatives subfund; and to declare an emergency. ($10,000.00)
Sponsors: Nicholas Bankston
Attachments: 1. 0094-2023
Explanation
This ordinance authorizes the City Clerk to enter into a contract with Keys to Black Wealth LLC to provide financial services at their 5th annual Black History Month Experience.

The Keys to Black Wealth 5th Annual Black History Month Experience is an interactive and impactful evening focused on Improving Black Health & Increasing Black Wealth. Attendees will experience an evening of live interviews, coupled with content creation, entertaining education, and premium networking.

Keys to Black Wealth is a grassroots, mission driven enterprise based in Columbus and founded in 2019 in response to the expanding racial wealth gap and the lack of generational wealth transferred by Black and Brown families across the diaspora. By infusing edutainment (education + entertainment), multimedia, and technology, Keys to Black Wealth delivers events, education, mentorship, and resources, designed to help individuals build, sustain, and transfer generational wealth.

Columbus City Council’s sponsorship of the annual Black History Month Experience supports the offering of a financial wellness event focused on the economic advancement of African-Americans and people of color in Columbus. Keys to Black Wealth is promoting this event and will provide educational sessions, informational interviews, networking opportunities, and general financial empowerment information to Black and Brown families in Columbus through this event. Attendees will be able to connect with Licensed Financial Advisers who can help them formulate and activate a financial plan. Attendees will also have the opportunity to connect with healthcare professionals that can help offer affordable access to healthcare. Keys to Black Wealth is specifically looking to serving underemployed black and brown Columbus residents who earn a low-to-moderate-income, as these individuals are at the highest risk for mental health challenges, poverty, and a lack of access to affordable healthcare. 150 individuals will b...

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