Changes Make Popular Business Funding Program More Accessible

August 4, 2011 No Comments  


Income limits for the popular Individual Development Account (IDA) program offered by Northeast Oregon Economic Development District were recently raised, making the program available to households with higher incomes. You may now qualify for an IDA if your total household income is less than $40,250 for a one-person household, $46,000 for a two-person household, or $57,450 for a four-person household.  The IDA program is a 3:1 matched savings program, meaning that the program will give you $3 for every $1 you save, up to a maximum total of $10,000 that you can invest to start or expand a business.

Anyone interested in the program is encouraged to attend an information session in the study room of the La Grande Public Library at 1:30 p.m. on Thursday, August 11; or in the basement of the Enterprise Public Library at 6:00 p.m. on Tuesday, August 16.  RSVP’s for the information sessions are appreciated.  The sessions will provide general information and help potential participants get started on an application.

More than $35,000 of funding is currently available, and applications submitted before August 31 will receive priority. NEOEDD’s IDA program is for residents of Baker, Union and Wallowa counties. For more information, or for help with submitting an application, contact NEOEDD at 541-426-3598, 800-645-9454, or jeffmoss@neoedd.org.

“The matched savings program has already helped over 30 businesses in the region, and we want to help fund as many more businesses as we can,” says Lisa Dawson, NEOEDD Executive Director. The Northeast Oregon Economic Development District is a public organization established in 1985 as a way to enhance community and economic development services in Baker, Union and Wallowa counties. Services include: business assistance, training and technical assistance, strategic planning, and program administration/staffing. For more information, visit the NEOEDD website at  www.neoedd.org .

 

Jeff Moss

Northeast Oregon Economic Development District
101 NE First Street, Suite 100
Enterprise, OR 97828
Phone: (541) 426-3598, (800) 645-9454
Fax:  (541) 426-9058
www.neoedd.org
jeffmoss@neoedd.org

 

Information

Leave a Reply

(required)

(required)


La Grande Main Street

    La Grande Main Street Unveils New Membership  Deals for 2015   La Grande Main Street Downtown (LGMSD)...

Newsletter

  2nd Annual Holiday Open House December 2nd It’s almost December so that means it’s time to SAVE the...

Carol Peppe Hewitt Returns to Discuss Local Investing

Carol Peppe Hewitt, author of Financing Our Foodshed: Growing Local Food with Slow Money, returns with her inspiring stories...

Union County Election Results

SUMMARY REPORT Union County, Oregon Run Date:11/04/14 General Election RUN TIME:11:50 PM November 4, 2014 VOTES PERCENT PRECINCTS COUNTED...

From the Chamber…

  November 5, 2014       Are you a Chamber member excited to talk about your business?   Do...

From the Chamber – Oct 8, 2014

  Join us! The 66th Annual Farmer-Merchant Banquet Tuesday, October 28, 2014     Help celebrate 66 years of...

From the Chamber – September 24, 2014

Union County Chamber of Commerce Newsletter September 24, 2014 Our Mission To promote and support the business environment through membership participation and...

Julep Subscription Boxes

Lake Oswego, Ore. — September 17, 2014 — Beauty has a price—especially for subscribers of Seattle-based Julep Beauty Inc,...

NOEDD received Innovation Award

Northeast Oregon Economic Development District Receives National Association of Development Organizations 2014 Innovation Award   WASHINGTON, DC – The...

BBB REVOKES ACCREDITATION OF LOCAL BUSINESSES

Lake Oswego, Ore. — September 5, 2014 — Better Business Bureau serving Alaska, Oregon and Western Washington revoked the...