Tacoma receives grant from State Farm for economic development

April 14, 2018 by  

State Farm will be awarding $215,000 in grant money to Tacoma.

Tacoma is one of the 11 cities in the United States set to receive money from the insurance company, which will be awarding a total amount of $4m.

The money will go towards the two Financial Opportunity Centers in Tacoma that are supported by the Local Initiatives Support Corporation, and towards adding a third such center.

The Local Initiatives Support Corporation supports projects to help revitalize communities and increase the economic opportunities for residents. The Financial Opportunity Centers are an important part of the work of the corporation. These centers provide support for employment, financial coaching on a long-term basis, and training that will enable people to find jobs and advance in industries of most importance to the local area.

Low-to-middle-income neighborhoods where there is typically a high demand for such services are typically where these centers are located.

Annette Martinez, Vice President of Human Resources for State Farm, said that the company and the Local Initiatives Support Corporation are continuing their 18-year partnership of giving back to the community. She added that they are working to create economic opportunities for people, and help people take advantage of them.

Various types of printing services can be used to promote the services of such centers and how they can help residents.