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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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Economic Security for All (EcSA) Final Evaluation Report – SPR 8.29.24

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Economic Security for All (EcSA) is a poverty reduction initiative of the Washington Employment Security Department (ESD) that supports the... Read More Economic Security for All (EcSA) Final Evaluation Report – SPR 8.29.24

Community Reinvestment in Action: Chelsea Tornga Photography

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WorkForce Central is celebrating their latest Small Business Grant recipient this week, Chelsea Tornga Photography. Chelsea is a brilliant... Read More Community Reinvestment in Action: Chelsea Tornga Photography

Targeted Digital Initiatives Narrow Digital Divide in King County

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A new study conducted by Applied Inference and released by the Workforce Development Council of Seattle-King County (WDC) illuminates the... Read More Targeted Digital Initiatives Narrow Digital Divide in King County

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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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