NEOEDD to hold Lottery for Individual Development Account Program
By Garrett Christensen on Wednesday, October 14th, 2026 in Northeastern Oregon News Northeastern Oregon Top Stories
ENTERPRISE – (Press release from the Northeast Oregon Economic Development District) The Northeast Oregon Economic Development District (NEOEDD) is accepting intake forms for the popular Individual Development Account (IDA) matched savings program. This program helps low-to-moderate-income residents of Baker, Union, and Wallowa counties save to invest in a small business, post-secondary education, specialized training, assistive technology/equipment, or a vehicle. For every $1 saved, participants receive $5 match. Participants may earn up to a $10,000 match after saving $2,000 and meeting program requirements, for a total of $12,000. As one participant described their experience, “The IDA program emphasized the value of saving in a whole new way and improved my financial literacy. It helped me face financial fears, tackle big projects, and most importantly believe in my business ability and growth.”
Funding is limited. The IDA application process has two parts: (1) Complete the intake form on the NEOEDD website by November 1, 2026 to enter the lottery; (2) Applicants selected by lottery will meet with NEOEDD staff to confirm eligibility and complete the full application; funds will be awarded on a first-come, first-served basis to those selected by lottery who complete the full application.
To learn more about eligibility and to enter the lottery, visit: https://neoedd.org/regional-planning/individual-development-account/ For additional assistance contact gradynelson@neoedd.org.
“We’re grateful to be able to offer the IDA program. It has a significant impact on small businesses and households with limited income,” said Lisa Dawson, NEOEDD Executive Director.
About the Northeast Oregon Economic Development District (NEOEDD):
The Northeast Oregon Economic Development District (NEOEDD) is one of twelve federally recognized economic development districts in Oregon. NEOEDD’s mission is to contribute to a vibrant rural economy by providing consulting, training, financing, referrals and other assistance to businesses, entrepreneurs, local governments and non-profit organizations in Northeast Oregon. Learn more about our programs and business support at www.neoedd.org. (Baker, Union and Wallowa counties).
