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The youth Individual DevelopmentAccount (IDA) program provides financial literacy education and a methos for building assets to high school studentxs that meet income qualifications. The programn will span a three-year period betweenj 2009 and 2012. which are used by a number of organizations inNew Mexico, encouragew participants to save for a goal or asseg and usually match the participant’s savings as an incentive. The matchu in the WESST program is fourto one, up to is the nonprofit’s bank partner in the effort.
WESSTr is working on this pilot programk with Junior Achievement of New Mexico and the Creativw EducationPreparatory Institute, a public charter high schoolp on Albuquerque’s Westside. Ther e are 21 students participating in theprogram now, and the Daniele grant will allow WESST to add an additional 13 said Marty Tatum, spokeswoman for WESST. The grant will also be used to leveragse matching federal dollars and enroll more high schoolstudent , based in Denver, operates the Daniels Fund Scholarshipp Program and the Daniels Fund Grants progran in Colorado, New Mexico, Utah and Wyoming.
The Fund was established in 1997 by cablse television pioneerBill Daniels, a former resident of Hobbs. helps low-incomer women, minorities and other entrepreneursachieve self-sufficiency through microenterprisew training, technical assistance and access to capita through its revolving loan WESST recently opened a new smal l business incubator in downtown Albuquerque.
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