Empowering People
& Revitalizing the Community

LAEDA's Individual Development Account Program - An Interview with our First Graduate, Mr. Hornsby

Posted on 4/1/2021 by Ray Lamboy

Through our partnership with United Way, LAEDA's Individual Development Account (IDA) program offers small business owners the opportunity to put aside savings for their business. Additionally, the IDA program is a Savings Match program. This means that for every $1 the owner saves, United Way contributes, or "matches" this with an additional $2. IDA program participants can save up to $1500 to which United Way adds $3000. This contribution is a grant; there is no interest nor any expectation to pay it back. At the end of one's saving period, the business owner has access to $4500 to invest in one's business. This video is LAEDA's interview with our first IDA program graduate, Mr. Rashaan Hornsby, founder and CEO of Health Nutz, a new enterprise providing a healthy snacking alternative to Camden residents on the go.

read more..