Apply for the IDA grant program.
IDA was established to assist non-majority low-to-moderate income earners as they develop an entrepreneurial mindset, achieve consistent savings, and acquire assets for their growing businesses.
Steps to complete the program:
Step 1: Fill out the application
Step 2: Build your file with our team
Step 3: Get coaching, attend ABAA, and save consistently
Step 4: Get IDA approval
Step 5: Get reimbursement check
Step 6: Get withdrawal authorization
This year-long process includes:
Building a case file with the Opportunity Asheville Liaison while simultaneously working with our partners, Mountain BizWorks and Western Women’s Business Center.
Eligibility for IDA funding requires the following:
- 21 hours of financial training
- 12 hours of asset training
- Write a marketing plan
- Write an executive summary
- Attend at least 3 WWBC sessions
- Opening and maintaining a Savings Account with our partnered banking institutions
FAQ
Who do I contact if I have questions?
For questions about your hours, the process, your application, classes, etc reach out Kamryn Mason (masonk@eaglemarketsts.org).
How long does the process take?
It should take a participant 4-6 months to submit a proper file, to complete the training, to write a marketing plan and executive summary plus attend the required WWBC sessions. It then takes our office 90 days to process your file for acceptance.
Can you take my W-2’s?
No, unfortunately, we can only accept your tax return.
Can I withdraw my money once I start saving?
Yes, but you forfeit your place in the program and have to wait 12 months to reapply.
Who do I contact if I have technical trouble with the application or website?
For problems with the website or application please reach out to Erica Lewis Business Services.
support@elbds.com
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