This program builds asset towards educational and small childcare business goals. For educational IDA’s, these accounts help individuals (or the investor) save $600 towards tuition expenses, while CEOC matches their savings 2:1 with $1,200. In the end, an investor will have saved $1,800 towards their educational goal. For small childcare business the same amount will be saved and matched by CEOC, and will work towards the goal in their childcare business plan for such improvements as computers for children, play structures, and educational materials. The goal of the program is build assets for those on limited income.

Participants will not only save money, but will be enrolled in financial education workshops, provided by CEOC ad participate in one –on-one financial coaching. Part of the coaching will include writing a business plan for the childcare or educational plan for the student.

Income guidelines are that the participant must have an income less than 200% of the poverty income guidelines, or eligible for EITC, TANF or TAFDC.

For more Information on IDA’s and Financial Education programs please contact: Nicole Englehardt, Asset Building Director at 617-868-2900.