VIDA Program Helps Fund Valley Entrepreneurs - NBC29 WVIR Charlottesville, VA News, Sports and Weather

VIDA Program Helps Fund Valley Entrepreneurs

Posted: Updated:

The Staunton Creative Community Fund has a new tool for helping entrepreneurs make their dreams come true.

It's called VIDA, or Virginia Individual Development Account. VIDA is a matched savings program. If someone in the Shenandoah Valley wants to turn a hobby into a business, the program can help. For every buck saved participants earn two bucks - up to $6,000 - essentially tripling their money.

The program targets people of modest means.

"If you're a single mom with two kids you may be able to qualify for this program, because it's about $36,000 annual income. So if we're talking about eligibility for folks who may want to apply for this problem it's exactly who we're talking about," said Chris Cain, director of the Staunton Creative Community Fund.

VIDA participants also get financial literacy training, helping people manage their money.

  • VIDA Program Helps Fund Valley EntrepreneursMore>>

  • Sign Up for Email Alerts

    Sign up to receive NBC29 news and weather updates in your inbox daily.

    * denotes required fields

    Thank you for signing up! You will receive a confirmation email shortly.
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WVIR. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.