SEVCA seeking participants for matched savings program to start a small business

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Brattleboro Reformer
August 14, 2010

BRATTLEBORO -- Southeastern Vermont Community Action (SEVCA) announces that it has spaces available for its matched savings program, the Vermont IDA (Individual Development Account), available for low-income residents of Windsor and Windham counties.

The program encourages participants to make regular deposits into a special savings account in order to start a small business, save for the purchase of a home or toward post-secondary education for themselves or their children.

The savings deposits are matched 2:1, if a participant saves the maximum of $1,000 over a two-year period, the savings will be matched $2,000 and they will end up with $3,000 to put toward their purchase.

An eight part financial literacy workshop series is required to enhance knowledge and skills pertaining to personal finance and money management in preparation for regular savings and asset ownership. Additional training for specific savings goals is provided through the following program partners: Windham Housing Trust, Rockingham Area Community Land Trust, USDA, VSAC, and VT/NH Consumer Credit Counseling and SEVCA's Micro Business Development Program.

The next series of classes is scheduled to start on Wednesday, Sept. 29, from 6 to 8 p.m. at the Marlboro College Technology Center in Brattleboro. Classes will be held every Wednesday night through Nov. 17.

To find out eligibility requirements for this program, contact Karen Perlberg at 802-722-4575, ext. 151 (toll-free 800-464-9951, ext. 151) or e-mail kperlberg@sevca.org .

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This page contains a single entry by CFED published on August 16, 2010 5:16 PM.

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