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Matched Investment Savings Account

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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Quarterly Update: Local Workforce Boards Driving Impact Through the Community Reinvestment Program

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The Community Reinvestment Program (CRP) is a statewide effort designed to strengthen the workforce and economic development across... Read More Quarterly Update: Local Workforce Boards Driving Impact Through the Community Reinvestment Program

Washington Workforce Association Presents Gov. Jay Inslee with Inaugural Workforce Champion Award

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Local workforce board leaders across Washington state honored the governor for his creation and commitment to the life-changing Economic... Read More Washington Workforce Association Presents Gov. Jay Inslee with Inaugural Workforce Champion Award

Spokane Workforce Council is reducing inequities and driving economic growth

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Shout out to the Spokane Workforce Council for awarding $174,520 in grants to support Black, Tribal, and Latine small businesses in Spokane... Read More Spokane Workforce Council is reducing inequities and driving economic growth

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Matched Investment Savings Account

The Matched Investment Savings Account program is aimed at helping Black, Latine, and tribal 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 Matched Investment Savings Account Initiative in partnership with Commerce, ESD, and the Local Workforce Boards.

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