ECONOMIC MOBILITY

Building economic mobility for families in a changing economic landscape Impact.

The Grove Park community has a median household income of $31,000 and a lack of economic opportunity that has created barriers to opportunity. Only 20% of homes in Grove Park are owner-occupied. Grove Park Foundation is committed to creating pathways to economic opportunity for families in Grove Park.

Our Strategy: Grove Park Ready

Through Grove Park Ready, our transformative economic mobility initiative, we help access economic opportunity in four key areas: careers, entrepreneurship, home ownership readiness, and rental housing readiness. We will create a comprehensive economic mobility ecosystem that increases business success, household income, and home ownership for families in Grove Park.

By the Numbers

Mobility Impact

business capital accessed
$ 1
small businesses supported
1

 

Homeownership support
Preparing residents for wage growth and career advancement with job training and placement support that leads to long-term financial stability.

Key Support Areas:

  • Job training & credentialing programs
  • Employer partnerships & placement
  • Mentorship
Preparing residents for wage growth and career advancement through job training and placement support that leads to long-term financial stability.

Key Support Areas

  • Business training & coaching
  • Incubation spaces & vendor opportunities
  • Networking & peer mentorship
  • Access to funding

Business Ready Programs

Homeownership support
Empowering residents to access stable, affordable housing through financial education and housing readiness support that secure and sustain rental housing aligned with their income and family needs.
Rent Ready

Helping long-time homeowners maintain safe and stable ownership through:

  • Home repair assistance through trusted partners
  • Education and financial counseling
  • Property tax mitigation strategies to reduce cost burdens

Learn about new Housing and Commercial developments.

Homeowner Ready