Individual Development Accounts (Saving Our Cents)
The Individual Development Accounts program is a special savings program for limited income families and individuals. An IDA participant will save a minimum of $25 per month. Upon withdrawal, the amount saved is matched by public and private funds for a 2:1 match. If $25 a month is saved, it will be matched with $50 for a total savings of $75 each month. The funds can then be used toward one of these goals:
- Starting or expanding a small business
- Post-secondary education
Funding for this program is limited and an application is required.
For more information, contact Marie at 258-2240.