Matched-Savings Business Grants – Walla Walla

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Micro-Business Assistance Program & Small Business (IDA) Grants

PARA ESPAÑOL, HAGA CLIC AQUÍ

Applications for the 2021 MBA Program ARE NOW OPEN! Apply by clicking here.

Applications will close on February 16, 2021 at 5 pm PST.

 

SAVE: Individual Development Accounts (IDA) matched-savings grants operate 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 required hours of business training or other technical assistance such as credit counseling, financial literacy, and tax preparation.

PLAN: Submit a business plan for approval. 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
  • Household net worth of less than $178,900 (assets minus liabilities)
  • Yearly gross adjusted household income less than 80% AMI (area median income) as indicated below
Family size Income limit
1 $39,150
2 $44,750
3 $50,350
4 $55,900
5 $60,400
6 $64,850
7 $69,350
8 $73,880

Our Micro-Business Assistance Program offers aspiring entrepreneurs an IDA Grant and relevant business education to start or grow their small business.

Application

Applications for the 2021 Program will open on January 4th, 2021.

Apply below:

English Application Client Directory

Interested in applying, but not sure if the MBA program is right for you yet?

You can attend one of our three short info sessions, hosted via Zoom. The info sessions will cover a general overview of the program, eligibility requirements, how and where to apply, as well as a Q&A session. Dates and times are:

Wednesday, December 16th from 6pm-7pm (Spanish): https://zoom.us/j/94185543579
Wednesday, December 23rd from 11am-12pm (English): https://zoom.us/j/97267417064
Wednesday, January 6th from 6pm-7pm (both English and Spanish): https://zoom.us/j/95361315061

Need help working on your application?

We will be hosting three application workshops in January and February to assist applicants as they work through their applications, and to help answer any questions that may arise. Dates and times are:

Wednesday, January 20th from 6pm-7pm (Spanish): https://zoom.us/j/98614904708
Wednesday, January 27th from 11am-12pm (English): https://zoom.us/j/96006125980
Wednesday, February 10th from 6pm-7pm (both English and Spanish): https://zoom.us/j/98917356759

For additional information, please contact:

Cinthya Montero

Program Manager

[email protected]