Wednesday, March 16, 2011

Grant money will help WESST teach kids to save - Tampa Bay Business Journal:

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The youth Individual Development Account (IDA) program provides financial literacy education and a methofd for building assets to high school students that meet income qualifications. The program will span a three-yeae period between 2009 and 2012. IDAs, whichj are used by a number of organizationa inNew Mexico, encourage participants to save for a goal or asseg and usually match the participant’s savings as an incentive.
The matcu in the WESST program is fourto one, up to is the nonprofit’s bank partner in the WESST is working on this pilotg program with Junior Achievement of New Mexico and the Creative Education Preparatory Institute, a public charter high school on Albuquerque’s There are 21 students participating in the program now, and the Daniels grant will alloew WESST to add an additional 13 said Marty Tatum, spokeswoman for The grant will also be used to leverage matching federaol dollars and enroll more high school student participants.
, based in operates the Daniels Fund Scholarship Progra and the Daniels Fund Grants programin Colorado, New Mexico, Utah and The Fund was established in 1997 by cable televisionj pioneer Bill Daniels, a former resident of helps low-income women, minorities and other entrepreneurs achiever self-sufficiency through microenterprise training, technical assistance and access to capitao through its revolving loan fund. WESSTf recently opened a new smallk business incubator indowntown Albuquerque.

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