Financial Literacy Capacity in Rural Idaho Towns
GrantID: 73317
Grant Funding Amount Low: $59,999
Deadline: Ongoing
Grant Amount High: $60,000
Summary
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Grant Overview
Idaho’s rural counties report workforce participation rates in financial education programs that lag the national average by 18 percentage points, according to the most recent state labor market information. This gap is most pronounced among households dependent on agriculture and timber employment, where seasonal income fluctuations complicate standard budgeting models.
Families in the Magic Valley and the Panhandle face limited access to in-person training because community colleges are concentrated along the I-84 corridor. Broadband coverage remains below 65 percent in several counties east of the Snake River, restricting online module completion. These constraints leave working-age adults without consistent exposure to credit management or savings strategies calibrated to variable farm revenues.
The grant targets 501(c)(3) organizations that already operate extension offices or mobile service units in at least three of Idaho’s 44 counties. Applicants must supply letters of support from local soil and water conservation districts and from the Idaho Farm Bureau Federation. Budget narratives are required to allocate at least 40 percent of funds to participant stipends that offset lost wages during training sessions.
Proposals must include a workforce pipeline analysis showing how financial literacy instruction will reduce reliance on seasonal lending products prevalent in agricultural regions. Data from the Idaho Department of Labor on unemployment insurance claims will be used to verify target populations.
Idaho’s agricultural economy and dispersed population create distinct workforce education needs that differ from neighboring states with denser urban centers and more stable manufacturing employment.
Eligible Regions
Interests
Eligible Requirements
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