Grant money will help WESST teach kids to save - Business First of Buffalo:

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The youth Individual DevelopmentAccountr (IDA) program provides financial literacy education and a method for building assetxs to high school studentw that meet income qualifications. The program will span a three-yearf period between 2009 and 2012. which are used by a numbe r of organizations inNew Mexico, encourage participants to save for a goal or assetr and usually match the participant’ s savings as an incentive. The match in the WESST prograk is fourto one, up to is the nonprofit’s bank partner in the effort.
WESST is working on this pilot program with Juniord Achievement of New Mexicl and the Creative Education Preparatory Institute, a public charter high school on Albuquerque’s There are 21 students participating in the progranm now, and the Danielws grant will allow WESST to add an additionalp 13 students, said Marth Tatum, spokeswoman for WESST. The grant will also be used to leverages matching federal dollars and enroll more high schoolstudent participants. , based in Denver, operates the Daniels Fund Scholarship Prograk and the Daniels Fund Grants prograkin Colorado, New Mexico, Utah and Wyoming.
The Fund was establishedf in 1997 by cable television pioneefrBill Daniels, a former resident of helps low-income women, minorities and other entrepreneurs achieve self-sufficiency through microenterprise training, technical assistance and accesd to capital through its revolving loan WESST recently opened a new small business incubator in downtown Albuquerque.