I am glad to announce to the community that we will now be offering IDAs among the rest of our programs aimed at enabling the Santiam Canyon to thrive. An IDA or Individual Development Account is a program which helps people who are struggling financially to acquire assets that will help to start a positive revenue stream into their life. We will be strictly dealing with helping folks acquire funds to add on to an existing business or start a completely new venture. You could add a new seating area to your restaurant, put in paved parking, start a brewery, or develop your hobby into a full working business. When you match this program with our GROW North Santiam program the ideas are limitless.
The IDA program works like a savings account, but instead of making only 1-2% interest on your money, we will match the funds that you put in by 300%. The program doesn’t stop there though. We will help you develop a business plan to accompany the newly gained money and teach you how to properly manage your money in the future. Just another project that we hope will open some doors for you in this community! Please contact the North Santiam Canyon Economic Development staff with any inquiries or questions.Start Saving!
Eric Puro
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