Matched-Savings Business Grants – Walla Walla

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Accepting Business Grant applications in January 2020

Individual Development Accounts

 

SAVE: IDA matched-savings grants operates on an 8:1 match ratio.  Every dollar you save will be matched with $8 in grant money up to $4,000.  The length of time you save is 6 months at a savings rate of $84 per month.

TRAIN: Complete 18 hours of business training or other technical assistance such as credit counseling, financial literacy, and tax preparation.

PLAN: Submit a business plan. Templates are available and your training will help you.

BUY: After all requirements are met, receive a $4,000 grant for your business.

Minimum Eligibility:

  • Business located within Walla Walla County, Columbia County, and City of Milton Freewater
  • Business is a for-profit microbusiness with five(5) or fewer employees (including owner(s))
  • Source of earned income to make a monthly savings deposit of at least $84
  • Net worth of less than $20,000 (not including the value of your primary residence and vehicle)
  • Gross adjusted household income less than 80% AMI (area median income) as indicated below
Family size Income limit
1 $36,800
2 $42,050
3 $47,300
4 $52,550
5 $56,800
6 $61,000
7 $65,200
8 $69,400

For additional information, please contact:

Cinthya Montero

Program Manager
509.204.2125

29 E Sumach St. | Walla Walla WA 99362

cmontero@mercycorps.org