Ready to start or grow your business with limited resources?
An Individual Development Account may be right for you.
WHAT IS AN IDA?
An Individual Development Account (IDA) is a special savings vehicle that helps families and individuals with limited financial resources build assets, gain valuable training, and enter the financial mainstream.
At Mercy Corps Northwest, our small business IDAs invest in the personal and financial growth of entrepreneurs to build strong small business communities throughout Oregon. Through the program IDA clients save money, complete our training offerings, and complete their business plan. Upon completion of the program, clients receive matching funds to purchase equipment and hard assets for their business.
Clients who participate in our IDA program come from a wide-ranging background, from food carts to contractors, lawn maintenance technicians to janitorial ventures.
While our enrollment period is closed until May 6th, 2016, please feel free to submit an expression of interest in the program here:
You will then be informed about any updates to the program, as well as helpful information about the application process.
Are you unclear about how to apply? Not sure if you meet the income and asset limits to take part? Wondering about the changes to the application process and the program itself from years past?
Join us on Tuesday, May 3rd for an IDA Information Session
All of these questions and more will be answered! We will have two sessions:
2. 6-7 pm
From 5-6pm, the IDA team will be available to answer all of your questions one-on-one.
- May 6th-May 20th, 2016: Application Period One:
- During this period, the application will be available on this webpage, for electronic submission.
- August, 2016: Application Period Two
- November, 2016: Application Period Three
- February, 2017: Application Period Four