A MESSAGE FROM THE CEO:
The Recession is Over!?
The latest economic news from Washington and Wall Street is “cautiously optimistic” and financial experts now talk about sustainable recovery through 2010 (with a few downturns along the way). Recent reports show that the markets have rebounded nearly 70% from last year’s 12-year market lows. The unemployment rate is holding steady at about 9.7% and economists are happy that it does not appear to be getting worse. The reality is that the economy is still shedding jobs, but at a much lower rate than economists predicted. So with all of this good news about the economy, why are folks still out of work? I’m not an economist, but I do know the recovery begins at the macro-level and will take time to trickle down to Main Street. The problem with “cautious optimism” is that it could take awhile before we start to see an increase in jobs here in El Paso County. The result: although the economy may be on a positive trend, the demand for PPCAA services holds steady at pre-recession levels.
As PPCAA enters our 46th year of service to El Paso County, we continue to serve nearly 18,000 citizens each year and add success stories daily as we help individuals and families remain, or become self-sufficient. Most of our families are otherwise stable households, working paycheck to paycheck, and have suddenly found themselves in crisis for one reason or another. PPCAA steps in to stabilize these families and help them stay on the path towards self-sufficiency, or get on the path, and avoid having to apply for welfare. We are helping thousands of families “weather” the recession, and the recovery.
PPCAA stabilizes households with rent, utilities, rehab, medical assistance, IDs, food, clothing, transportation, job skills training, income tax assistance, matched savings programs, and post-secondary education. We walk with our clients, and sometimes carry them, but together - on their end and ours, we work in partnership to move towards true and lasting self-sufficiency.
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A Success Story
When Charles stepped into the office for the TIP program, he was anxious but determined. He didn’t know exactly what to do but he was so relieved he had finally come upon some kind of opportunity… a ray of hope in a seemingly hopeless situation. Charles had recently experienced some significant challenges with trying to tie together the final coursework in a Masters program. He was close, but just could not get the final classes to work out.
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