The LAEDA's Individual Development Account (IDA) for Business Program powered by the United Way


United Way has partnered with LAEDA to host a limited number of Individual Development Accounts (IDA) for small business in South Jersey

An IDA is a powerful opportunity to acquire capital for a growing small business!




What's an IDA?

An IDA is a Savings Matching Plan where an entrepreneur saves money in a designated account for a period of time. The savings are matched by an amount of up to two times the amount saved.

What is the Savings Match Amount?

A qualified IDA member may save a maximum of $1,500 and have those funds matched with an additional $3,000.  

Can Anyone Get Started in an IDA for Business?

This IDA program is reserved for small business owners who have been incorporated for at least 6 months.  Other income and asset restrictions apply.  

How do I Get Started?

If you believe you are qualified and want to learn more about the program, please click on the Apply Now! button below.  A member of the LAEDA team will be in touch to get you started.