Designed to help working, low-income families and individuals save money exclusively for home ownership, post-secondary education, and small business.
Since the Personal Investment Enterprise program began in 2001, PIE has celebrated a total of 230 graduates from the program;
90 participants have gone on to pursue a post-secondary education
85 participants have become homeowners and
55 individuals have started their own small business.
The Personal Investment Enterprise's (PIE) mission is to provide tools and incentives that empower low-income individuals and families to save and build assets to strengthen their economic stability. Asset building is an emerging and promising approach to alleviating poverty and promoting self-sufficiency for families throughout the United States.
PIE Program participants open Individual Development Accounts (IDAs), which are matched savings accounts, for home ownership, post-secondary education, and small business capitalization. PIE is the only IDA program in Boulder and Broomfield counties and one of only three in Colorado. The program provides a maximum match of $4,000 toward the asset purchase of each program participant. Participants in the program must save in the IDA/PIE Program for at least 6 months and may stay up to 30 months. During that time participants save a minimum of $33 per month, which must come from earned income. The savings are matched 4:1 up to $1,000 (with a $4,000 match). Participants also attend a series of 4 financial literacy classes and then an asset specific class related to their purchase goal.
To apply or to learn more about becoming a PIE participant, Click here to link to the Boulder County Community Action Program.
For more information about the Personal Investment Enterprise program contact:
Rosemary Thompson, PIE Program Director
Nino Gallo, Community Action Programs
PIE is independently managed by Foothills United Way as the fiscal agent and Boulder County Community Action Program as the program coordinator.