Hartford Business Journal Special Editions

UW AR 2023UF

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UNITED WAY OF CENTRAL AND NORTHEASTERN CONNECTICUT | COMMUNITY IMPACT REPORT 2022 | 9 see that United Way's strategies and solutions help lift people out of financial hardship. United Way invests in quality programs, advocates for policies that will help reduce barriers to financial security and mobilizes volunteers to take action on these issues. For instance, though our community experienced a setback during the pandemic and subsequent inflation, notably, this report reflects the income supports provided to families during the pandemic made a significant positive impact on their budgets. This cannot be ignored, and has been crucial in informing our United Way Advocacy Agenda to create a permanent, fully-refundable Child Tax Credit (CTC) and expand the Earned Income Tax Credit (EITC) in our state. These tax incentives can help move families out of poverty and can make * In Connecticut, out of 1,428,313 households, there were 149,960 (10.5%) in poverty plus 402,750 (28.2%) ALICE, which totals 552,710 (38.7%) below the ALICE Threshold and rounds to 39%. POVERTY 10% ALICE 28% ABOVE ALICE THRESHOLD 61% 552,710 BELOW ALICE THRESHOLD 39% our economy grow. Thanks to the generosity of our supporters and the strong partnerships we nurture in our community, United Way continuously provides free budget coaching, financial planning, tax preparation and filing, workforce development, match savings programs and dozens of other resources to make financial security within reach for families living paycheck-to-paycheck. Together, we are offering a hand-up to hardworking people committed to rising out of financial hardship. As for Tiffany, she participated in a United Way-supported entrepreneurship program and took her side business to the next level, ultimately sustaining her family's financial stability. Her business, Amore to Paint, is located in New Britain and offers instructor-led painting parties and events. We invite you to take a closer look at the whole report to learn more about ALICE households by town in our region.

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