Have you heard of BROC's IDA program? IDA stands for Individual Development Account. Here's how it works: 1. You must qualify based on your income level, and be interested in saving money to go towards your business, education or home ownership
2. You attend an orientation and interview with project staff.
3. If accepted, you begin the program, saving money over the course of the year in your IDA. The program will double & match your savings of up to $500 each year. You can participate for 2 years, so, in the end, if you've saved $1000, you will be given $2000 more tax-free, for a total of $3000 to put towards your business, education or home ownership.
4. As part of the program, you attend an 8-course Economic Literacy Workshop Series, learning about everything from budgeting to credit reports to writing a business plan. This is FREE education for you.
Sound too good to be true? That's what I thought when I first learned of the course. It was hugely helpful to our farm business, and I know that other beginning farmers in our area have benefited from it as well.
For more info, contact the super-friendly and supportive Shelley Faris at 802-665-1742 or 800-717-2762. Here's a link to the BROC webpage on the IDA program.