WCDI Consulting: Financial Equity Consortium

ID

101

OrgName

WCDI Consulting

PhysicalAddress

3926 N 16th Street Omaha, Nebraska 68111

MailingAddress

7602 N 86th Avenue Omaha, NE 68122

Website

SocialMediaAccounts

Name

Rozalyn Bredow

Title

President / CEO

EmailAddress

RozBredow3@gmail.com

Phone

+1 (402) 305-2049

Team

Yes

TeamExplanation

Rozalyn Bredow CEO, Master Degree in Business, NTI Certified Financial Coach and, 15 years of services working in the Workforce training, educational services and non-profit arenas. Daniel Bredow business Manager, BA in Marketing and Mass Communications. Brad Brooks B2lAB, Inc.

OrganizationalChart

Rozalyn Bredow, President & CEO Daniel Bredow Marketing, Development, & Media Specialist.

OtherCompletedProjects

This proposal supports our organizational goals with a request for funding to helps support the start up of our Financial Equity Consortium (FEC). This endeavor will fill vocational, educational, and financial services gaps in the North Omaha community and in doing so help individuals and families increase their earning potential, retain more of what they earn and begin to build long term financial security in savings and assets, By intentionally working to decelerate the widening wealth gap and adding employment opportunities and office space availability.

ProposalTitle

Financial Equity Consortium

TotalBudget

470000.0

LB1024GrantFundingRequest

400000.0

ProposalType

Capital project Service/program

BriefProposalSummary

Title Financial Equity Consortium FEC) location: 3936 N 16th Street, Omaha, NE 68110 Total Budget $470,000.00 Time Line completion by January 2025 The 3 Key areas of focus: 1. Financial Coaching and education consist of one-on-one coaching to establish goals and a pathway to success, along with educational workshops and access to well-priced financial products and services to help clients improve their household finances and build assets while narrowing the wealth gap. 2. Employment and Career Development to include job readiness, job placement, occupational skills training, education and career advance coaching. 3. Income support will help clients gain access to public benefits to improve their financial security The Financial Equity Consortium has three common attributes towards our goal. We will bundle and sequence services rather that offering one com by integrating services in a seamless way for clients.. Provided professional Financial Coaching and information to help clients set goals, develop plans and change their behaviors over time and Life Skills Coaching which is the umbrella that catches other models that support progress to finding greater fulfillment in life.

Timeline

Completion of application process by February 2023, Phase - 1Build out and renovation by January 2024. Phase 2- Marketing and sales and staffing May 2024 and Grand Opening by November 2024.

PercentageCompletedByJuly2025

1.0

FundingGoals

Fundamental Change (i.e., a proposal that will continue to elevate North or South Omaha's presence and perception within the region, significantly improving the lives of area residents through physical development) Long-Lasting Economic Growth (i.e., a proposal that will foster gainful employment opportunities and financial investment in the area, leading to the creation of generational wealth and widespread economic vitality in North and South Omaha) Transformational (i.e., a proposal that will help energize, recharge, or spur significant and favorable advancements in North or South Omaha's function or appearance)

Community Needs

Policy (i.e., develop or improve context-sensitive education, finance, health, training, zoning, etc.) Sustainable Community (i.e., create or enhance housing, services, education, civic uses, recreation, etc.)

OtherExplanation

ProposalDescriptionAndNeedsAlignment

The community needs alignment: This project will meet the Sustainable Community and Policy needs by developing and improving financial education services, and context-sensitive education that surrounds finances along with training a health service initiatives.

VisioningWorkshopFindingsAlignment

The Visioning Workshop Summary is in alignment in the strengths that Culture and character are integrated in the surrounding neighborhoods. Economic hubs proximate to North Omaha (i.e., Near North Downtown-Omaha and Eppley Airfield) with the opportunity for huge business growth being that there are large areas that are identified as Community Reinvestment areas. The Vision report identifies the economic gap is in the financial resource support which is needed to support Black owned Businesses in North Omaha, gentrification and Public Health concerns.

PrioritiesAlignment

The FEC will be the One Stop Shop for sustaining the North Omaha community. Enhancing personal, educational, and financial literacy/capabilities with training and information readily available. As well as Policy advocates for change and significant support from human centered Life and Financial Coaches. follow-up services and health resources.

EconomicImpact

Over time we will be able to hire 4-6 with FTE that are considered a High wage, High demand, High skill (H3) labor force as well as support staff.

EconomicImpactPermanentJobsCreated

4-6

EconomicImpactTemporaryJobsCreated

2-3 summer interns (temp)

EconomicImpactWageLevels

$42,000- $65,000.00

EconomicImpactAlignProposedJobs

We will be able to provided training and instruction to any business with workforce concern in the area of time management, performance and motivation.

CommunityBenefit

The community will benefit in no longer having a vacant store front building deteriorating

CommunityBenefitSustainability

Area resident will be able to access the area by using local transit systems which are with in walking distant.

BestPracticesInnovation

Yes, we will use best pratice and workforce and training by using this innovative approach with integration of trauma informed modalities and support.

OutcomeMeasurement

The outcomes that we will measure would be " Better-Off", if people are realizing, increase(s) in employment, increased income. increase employment stability, reaching financial goal(s) of credit repair, homeownership, entrepreneurial opportunities and small business support.

OutcomeMeasurementHow

Out comes would be measure by surveying the client, and data collection in the areas of job retention, earnings etc.

OutcomeMeasurementCoinvestment

I don't know.

Partnerships

Yes

PartnershipsOrgs

Future partners will be or not limited to Non-profit agency referrals, State, City or County agency referrals, Financial institutions.

PartnershipsMOU

Not yet.

Displacement

No

DisplacementExplanation

PhysicalLocation

3926 North 16th Street, Omaha, Douglas County, Nebraska 68110

QualifiedCensusTract

Within one or more QCTs

AdditionalLocationDocuments

This is not a Brownfield site.

PropertyZoning

Yes

ConnectedToUtilities

ConnectedToUtilitiesConnected

Yes

ConnectedToUtilitiesUpgradesNeeded

Yes

DesignEstimatingBidding

No

DesignEstimatingBiddingPackageDeveloped

No

DesignEstimatingBiddingCostsDetermined

Renovation cost were approximation(s) were given during a consultation w Brad Brooks Arch. B2labs.

GeneralContractor

No

GeneralContractorPublicCompetitiveBid

GeneralContractorPublicCompetitiveBidWhyNot

RequestRationale

The property is in poor condition and a second floor build out would be added to the renovation utility upgrades, with an estimate of $150.00 per square ft.

GrantFundsUsage

Renovations and initial start up cost.

ProposalFinancialSustainability

Yes

ProposalFinancialSustainabilityOperations

Fiscal operations will follow the January 1st through December 31st. Calendar year.

FundingSources

I am anticipating exploring Nebraska Enterprise Fund grant funding. as well as the POC Fund for Minority Founders and SBA opportunities.

FundingSourcesPendingDecisions

I don't know.

FundingSourcesCannotContinue

ARPA

Scalability

No.

ScalabilityComponents

FinancialCommitment

A personal investment of $70,000.00 for the purchase of the property that is currently owned by my mother will be a legacy and generational .

ARPAComplianceAcknowledgment

1.0

ARPAReportingMonitoringProcessAck

1.0

LB1024FundingSourcesAck

1.0

PublicInformation

1.0

FileUploads

Additional Location Documents (see application for list) Data table of uses (breakdown of how the requested funds will be used for your proposal) Documentation of site control (proof of ownership, option, purchase contract, or long-term lease agreement) Environmental assessment of subject site. Is the property a brownfield site? Organizational Chart Plans and detailed descriptions, including pictures and a map of the site location/surrounding area Pro Forma Proposal Budget/Sources and Uses Request Rationale Documentation Schedule