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.