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LAEDA’s IDA Capital Match Program Powered by the United Way. APPLY NOW!

Posted on 1/31/2020 by Ray Lamboy in LAEDA News
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As of February 1, 2020, LAEDA will begin accepting applications to the Lubert IDA Small Business Expansion Program on behalf of the United Way of Greater Philadelphia and Southern New Jersey (UWGPSNJ). This program is an opportunity for participants to increase their assets and improve their financial stability by setting aside monthly savings for their businesses that UWGPSNJ matches. Thus, for every $10 an IDA participant puts into a business savings account, UWGPSNJ will deposit $20 in the account. Participants also receive financial literacy and small business expansion training, one-to-one counseling, and personal finance and money management educational classes. As a result of this comprehensive, free package of services, qualified small business owners can participate and receive up to $4500 to invest in the growth of their business.

Any business owner may participate as long as they reside in Atlantic, Burlington, Camden, Cape May or Cumberland Counties who meet the program’s eligibility requirements. Two of these requirements are that participants must undergo at least 6 hours of financial literacy training and 5 hours of small business education. Past graduates of LAEDA’s Entrepreneurial Development and Training Program already meet this requirement! Read on to learn more!

What can you do now?

1.) Please see UWGPSNJ’s Small Business Expansion IDA Program’s website for specific eligibility requirements and more information.
2.) Starting February 1, complete the preliminary application form 
3.) Stay tuned for when LAEDA will be hosting our IDA Participant Orientation

**Most Graduates of LAEDA’s Entrepreneurial Development and Training Program meet the financial literacy and small business education requirements. So take advantage of this opportunity!**