Each year, DollarWise offers USCM members the opportunity to apply for an award through its Innovation Grants program. As of 2016, DollarWise has issued Innovation Grants to 31 cities.
Member cities of The United States Conference of Mayors are eligible to apply for the DollarWise Innovation Grants. Each year the program awards grants of $15,000 each to cities to expand and enhance their financial literacy efforts. Since 2015, DollarWise has awarded one Innovation Grant to a city that provides financial education to residents in an English as a Second Language program, and one grant to a city that integrates financial education into a public/assisted housing initiative. The application processes for both the Innovation Grants and Summer Youth Campaign Grants begin each November. Winning cities are announced the following January at the U.S. Conference of Mayors' Winter Meeting in Washington, D.C. Innovation Grants (see map above) have been provided to a wide variety of communities across the country, maintaining and expanding creative and innovative financial education programs.
2016 Innovation Grant Winners
Atlanta Mayor Kasim Reed
The City of Atlanta has been awarded an Innovation Grant to create a campaign that will integrate relevant financial education training into the city's existing English as a Second Language initiative. Participating students will work through financial education modules that focus on household, shopping, budgeting, banking, goal setting, credit and debit, loans, saving, and fraud.
Schenectady Mayor Gary McCarthy
The City of Schenectady has been awarded an Innovation Grant to develop a financial education curriculum that will help families in assisted housing escape from long-term debt, and allow them to become financially self-sufficient.