Skagit Asset Building Coalition is a collaboration of community organizations and businesses working to help lower-to middle-income Skagitonians’ achieve upward economic mobility by gaining and leveraging assets to produce wealth.
To promote pathways to prosperity through financial stability by fostering collaboration throughout Skagit County.
- To increase access and participation in asset building tools and services to achieve success in the Learn, Earn, Save, Invest, and Protect framework.
- To increase cooperation among agencies and individuals working to address financial stability.
“Wealth is not income, spending, and consumption, but
rather savings, investment, and accumulation of assets.”
– Assets and the Poor: A New American Welfare Policy
Assets provide individuals with control over resources, financial security, and the ability to meet unanticipated costs. They also stimulate investments in future aspirations and enable people to seize opportunities that may otherwise be closed to them. The asset building approach helps families create, manage, and protect assets to improve their economic future and achieve financial independence.
The Skagit Asset Building Coalition is a member of the Washington Asset Building Coalition (www.washingtonabc.org). Initially established in 2009, the Skagit Asset Building Coalition has seen a revitalization in 2013. Community Action of Skagit County is the lead agency for the Skagit ABC. Participating members include: Community Action of Skagit County, AARP Tax Assistance, DSHS – Mount Vernon, Economic Development Association of Skagit County, Goodwill Industries – Mount Vernon, Housing Authority of Skagit County, Junior Achievement, North Coast Credit Union, Northwest Career and Technical Academy, Northwest Justice Project, Skagit Habitat for Humanity, Skagit State Bank, United Way of Skagit County, and Washington State University Extension Skagit.
The Skagit ABC is tasked with answering the financial stability questions developed by One Community, One Voice. Additional activities include establishment of a Financial Health Education Network, and support of free tax preparation programs for low-income individuals and families.