Business Capitalization Account Project

Business Capitalization Account Project2020-06-01T15:12:06-10:00

Business Capitalization Account Project

Our Business Capitalization Account Project, also known as a Match Savings or Individual Development Account (IDA) Program, is for those who are looking to start a small business. Participants can save a minimum of $10 a month up to a total of $500 over the course of their time in the program. Participants will receive $4 for every $1 saved, up to a maximum of $2,000 matching funds to be used towards their small business plans.

Eligibility Requirements:

  • Member of the Native Hawaiian Community
  • Residency in Wai‘anae (96792)
  • One or both spouses are employed
  • Plans for a small business

BCA Requirements:

  • Complete ALL Business Development workshop sessions.
  • Complete any two (2) Financial Capabilities workshop sessions.
  • Participate in a minimum of two (2) personalized coaching sessions for business or finance. However, one (1) must be a business session.
  • Create a certified business plan.
  • Register your business in Hawai‘i.

Required Eligibility Documents for the BCA:

  • 2 most recent pay stubs
  • Most current TANF/SNAP letter/statement (if applicable)
  • Signed and dated most current filed income tax return

Apply to Ho‘oulu Waiwai: Business Development

To apply for Ho‘oulu Waiwai: Business Development, please contact or apply at the INPEACE office.