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Minnesota Welcomes Members of the President’s Advisory Council on Financial Capability

September 29, 2012

Commissioner Rothman holds Town Hall Forum to discuss Financial Literacy in Minnesota

For Immediate Release: September 28, 2012

SAINT PAUL, MN – Minnesota’s focus on financial literacy, highlighted by April’s extensive calendar of events during Financial Literacy Month and the strong coalition of more than 140 stakeholders from state and local government, community organizations, non-profits, financial institutions, and foundations that participated in the Second Annual Financial Literacy Roundtable, has not gone unnoticed. 

The collaborative and inclusive nature of our work in financial literacy is being recognized nationally, by John Hope Bryant, Chair of the Subcommittee on the Underserved and Community Empowerment for the President’s Advisory Council on Financial Capability.  At Mr. Bryant’s request, Commissioner Mike Rothman is gathering Minnesota’s financial literacy stakeholders for a Town Hall Forum on Monday, October 1, 2012, from 10:00 am – noon at the Minneapolis Central Library in the Pohlad Auditorium.  The over 100 participants will share examples of the work we are doing as a state in financial literacy, explain the hurdles we face in reaching all Minnesotans, and learn about the resources available at the federal level for financial empowerment programs and the establishment of local financial literacy councils.

Minnesota Department of Commerce Commissioner Mike Rothman, has made financial literacy a priority under his leadership at the department to ensure all Minnesotans have the necessary tools to make sound financial decisions.

“Financial Literacy in Minnesota remains a top priority, and we continue to capitalize on innovative ways to partner and grow,” said Commissioner Rothman. “We are honored to share with the Chair of the President’s Advisory Council on Financial Capability’s Subcommittee on the Underserved and Community Empowerment, the state’s success stories in providing financial education and empowerment for all Minnesotans from Kindergarten to retirement.”

Agenda

The following is the agenda for the Financial Literacy Town Hall – Monday, October 1, 2012

10:00 am         Welcome & Opening Remarks – Commissioner Rothman

10:10 am         Introduction of our Distinguished Guests – Commissioner Rothman

10:20 am         Remarks – John Hope Bryant

10:40 am         Open to the Floor for Comments/Discussion

Stakeholders will share their organizational position on the following: 

  1. What hurdles they have identified in reaching the financial empowerment for all Minnesotans
  2. What tools do they need to provide financial empowerment for all Minnesotans in the context of a long-term sustainable economy
  3. How they foresee reaching their goals

[Areas that will be discussed include: consumer protection, un/under- banked, Jump$tart, Minnesota Financial Fitness Network, Asset Building Coalition, philanthropy, local governments, policymakers – Financial Literacy and Asset Building Task Force, Junior Achievement, etc.]

11: 50 am        Closing Remarks & Thank You – Commissioner Rothman

Noon               Adjourn