Organization helps people achieve their financial goals | Local news

Organization helps people achieve their financial goals |  Local news

During Financial Literacy Month in April, the Olive Hill Community Economic Development Corporation Inc. is reminding people of the services it offers to help pull people out of poverty and achieve milestones in life, such as owning a home or starting a business.
Special to The News Herald

OHCEDC is a 23-year-old private nonprofit 501©(3) corporation founded to provide solutions to financially distressed residents located in Burke, Caldwell, Catawba and McDowell counties. Source morganton.com

Olive Hill’s program, the Financial Empowerment Center, provides individualized asset building strategies promoting progress and prosperity among potential small business owners and/or clients working on rebuilding credit and homeownership.

The corporation was among 85 local nonprofits from across western North Carolina that received a WNC Bridge Foundation 2020 IMPACT grant, with awards totaling $3,977,917. “During Financial Literacy Month, financial institutions, nonprofits and human service agencies increase their focus on the importance of financial literacy through events, programs and counseling,” said Beverly Carlton, founder, president and CEO of the corporation. “The goal goes beyond helping consumers learn more about finances to helping them actually improve their personal and household financial stability and success. Financial literacy is having both the knowledge and the competence to manage your personal and household finances in order to set and reach meaningful goals.”

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