By Mike Dunn

PHILADELPHIA (CBS) — It’s an even dozen for Philadelphia’s “Empowerment Centers” which offer free guidance to city residents on balancing budgets and making ends meet.

READ MORE: Officials: 18-Year-Old Kai Johnson Charged With Murder In Browns Mills Shooting That Left Teenage Boy Dead, Teen Girl Injured

Mayor Nutter earlier this week cut the ribbon on the 12th center in Center City.

The Land Title building just south of City Hall is the site of the latest empowerment center, where city residents can get free financial advice. Mayor Nutter told the crowd that for many residents, this sort of guidance is sorely needed:

READ MORE: VIDEO: Police Searching For Man Who Attempted To Abduct 2-Year-Old Child In North Philadelphia

“We’ve got folks spending tons of money in terms of fees of stuff with check cashing agencies, but don’t have their own bank account. Fraudulent loans and high risk products, you know, there are scammers out there all of the time. So we have to get into financial literacy.”

The new center, like the other eleven, are funded in part through grants from the Bloomberg Philanthropy. Nutter said the range of advice offered is wide.

For more information, visit:

MORE NEWS: Moderna Says Its COVID-19 Vaccine Was Well-Tolerated And Generated Robust Immune Response In Children Ages 6 To 11

You may also be interested in these stories:
[display-posts category=”news” wrapper=”ul” posts_per_page=”5″]