Innovators Invited to Submit Proposals for Bringing Low-Income Communities into the Financial Mainstream

WASHINGTON, March 18, 2016 (GLOBE NEWSWIRE) -- The Center for Global Policy Solutions seeks financial inclusion innovators with ideas for bringing low-income communities into the financial mainstream. Selected innovators will participate in a public competition to be held in Washington, DC, April 21, as part of the 2016 Color of Wealth Summit. The agenda is available at bit.ly/2016WealthSummitAgenda.

The deadline to submit proposals is March 31, 2016 at 11:59 p.m. EDT. Information on how to submit proposals is available at bit.ly/FinancialInclusionRFP.

A panel of business-savvy professionals will critique the concepts and offer an insider's perspective on what makes a proposal investment-worthy. The innovators will present their proposals describing products, services, practices and/or policies that help vulnerable populations enter the financial mainstream.

The winning innovator will receive a $10,000 planning grant from the JPMorgan Chase Foundation to further develop or implement the concept. The competition, titled "Shark-a-Thon: Chewing Over Innovative Ideas for an Inclusive Economy," is part of the third annual Color of Wealth Summit, themed "The Inclusion Revolution: Race, Economic Mobility, and the Future of America." The summit will focus on strengthening entrepreneurship in communities of color and on ways to create equitable economic development that benefits existing residents.

The Center for Global Policy Solutions is a 501(c)(3) think tank and action organization that labors in pursuit of a vibrant, diverse, and inclusive world in which everyone has the opportunity to thrive in safe and sustainable environments.