Theory of Change, Part II: Wealth Creation and Preservation

Check out our second installment of "Theory of Change". In this edition, we share our thoughts on Wealth Creation and Preservation and what that looks like to us!

News

Accion’s mission is to revitalize communities from within through entrepreneurship. During my time with the organization, I’ve learned that the value we provide small business owners involves more than simply disbursing a loan. We provide one-on-one coaching to every applicant, whether they receive a loan or not. We work with each small business owner to increase their financial literacy, credit experience, and confidence as an entrepreneur.

This article illustrates how Woodstock’s Theory of Change model applies to its work in the area of wealth creation and preservation.  The specific example used here is Woodstock’s work to develop, pass, and implement the Secure Choice Savings Program, which requires employers with more than 25 employees that have been in existence for two years and don’t currently offer a retirement savings plan to automatically enroll workers into an individual retirement account.  The workers have the option to opt-out.

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