The Detroit Financial Well-being Innovation Challenge is a multi-year, $2M+ initiative supported by United Way for Southeastern Michigan to provide funding and support to cross-sector organizations to think big, collaborate, plan, pilot, and scale new ideas to improve Detroiters’ financial lives.

During the virtual launch event, you'll learn more about how to participate in the Challenge, and have the opportunity to engage in interactive idea-sharing activities. The event is open to potential applicant organizations, stakeholders, and members of the public.

The Challenge builds off University of Michigan’s Poverty Solutions’ research report, The Financial Well-Being of Detroit Residents: What Do We Know?. Report findings showed that Detroit residents face deep and persistent financial disadvantages even as compared to residents of peer cities – and that these disadvantages are the result of systemic inequities.

For more information about this research and the Innovation Challenge made possible with support from JPMorganChase, General Motors, and Comerica, visit https://unitedwaysem.org/fwb