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DPL receives "Smart Investing" grant

Rural Iowans will strengthen their knowledge of and confidence in investing through programs held in 18 Iowa communities

The Decorah Public Library will launch the “Smart investing @ your library”® program to promote investor education in and around the Decorah community.  The library will be working with Iowa Library Services (IaLS) and Iowa State Extension.

In January 2012, IaLS was awarded a $72,438 grant funded by the American Library Association (ALA) and the Financial Industry Regulatory Authority (FINRA) Investor Education Foundation as part of the “Smart investing @ your library®” program. The project builds upon a previous Smart Investing grant awarded in 2010. Decorah Public Library was one of only 18 rural libraries in Iowa selected by IaLS for participation.

The grant will help to build the capacity of the Decorah Public Library to provide effective, unbiased investor education and financially-themed programming to the community at large.  The library will host face-to-face and online education provided by Iowa State University Extension staff.  Three different courses will be offered:  one for those who are first-time investors, one for those preparing for retirement and one for retirees.  Participating libraries will receive $575 worth of library books and DVDs about investing.  Classes will be held in the winter of 2013. Ames Public Library, a previous grant recipient, will partner with the IaLS to select financial resources for the participating libraries and help train library staff.  Decorah Public Library will also offer two additional financially-themed programs.

“Iowa’s libraries empower people to make decisions and solve problems,” said State Librarian Mary Wegner.  “We are delighted to partner with Iowa State University Extension and the Ames Public Library to provide these classes about financial literacy programming in Decorah and other rural communities in the state.”

The FINRA Investor Education Foundation supports innovative research and educational projects that give underserved Americans the knowledge, skills and tools necessary for financial success throughout life.

ALA’s mission is to provide leadership for the development, promotion and improvement of library and information services and the profession of librarianship to enhance learning and ensure access to information for all.