IDA Orientation

LA GRANDE AND BAKER EVENTS WERE RE-SCHEDULED TO SEPT. 25 & 26 FROM SEPT. 11–People with low-to-moderate incomes in Baker, Union, and Wallowa counties who seek funds for a business enterprise, vocational training, continuing education, or a vehicle are encouraged to investigate a program that Northeast Oregon Economic Development District (NEOEDD) administers called the “Individual Development Account” (IDA). There is an orientation session:

    • Sept. 25 at 6 p.m. and Sept. 26 at 12 noon at IGNITE, 104 Depot St. in La Grande
    • Sept. 26 at 4 p.m. at LaunchPad Baker, 2019 Main St.

IDAs provide a 3-to-1 savings match. Someone who saves $3,000 and completes the program will receive an additional $9,000, up to $12,000 total.

“The IDA program is not a grant, it’s an earned incentive coupled with goal-setting, education and practical experience saving over a period of 6 to 36 months,” says NEOEDD’s executive director, Lisa Dawson. “It’s essentially a financial-responsibility program. The matched funds can put a good dent into a NE Oregonian’s higher education bill, or pay for the equipment, signage, computer, or other investments needed to launch or improve a business.”

Interested parties are encouraged to read the information on the NEOEDD website (https://www.neoedd.org/ida/) and then attend this 1-hour orientation to learn more about the requirements of enrolling in the IDA program. Questions are encouraged.

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