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Individual Development Accounts

EcSA is a success story in of itself. Here is a snapshot of how EcSA is impacting lives and moving individuals to self sufficiency.

Data points from 07/01/2023 – 03/31/2024

Job Seekers Served through EcSA
0
Placed into Unsubsidized Employment
0 %
Average Annual Wage at Exit
0 k +

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Individual Development Accounts (IDA)

The Individual Development Accounts (IDA) program is aimed at helping Black, Latine, and Indigenous communities disproportionately impacted by the racial, social and economic disparities caused by the war on drugs save for specific assets, such as education, housing, or starting/growing a business. The program provides matched savings accounts up to $30,000 to participants. To participate in the program, individuals must undergo financial education and coaching to develop the skills and knowledge necessary to effectively manage their finances and achieve their savings goals. IDAs have the potential to have a significant positive impact on the financial well-being of impacted individuals and communities, promoting economic mobility and stability.

WWA is leading the development of statewide policy guidance and implementation of the IDA initiative in partnership with Commerce, ESD, and the Local Workforce Boards.

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