Impact of Our Work

IDA’s strengthen New Mexico’s economy.  Results Achieved by the New Mexico Assets Consortium  2005-2015. 2011 IDA holders in NM
Click for Chaves Co. data Click for Roosevelt Co. data Click for Curry Co. data Click for Colfax Co. data Click for Mora Co. data Click for Taos Co. data Click for San Miguel Co. data Click for Santa Fe Co. data Click for Sandoval Co. data Click for Rio Arriba Co. data Click for San Juan Co. data Click for McKinley Co. data Click for Cibola Co. data Click for Bernalillo Co. data Click for Valencia Co. data Click for Socorro Co. data Click for Sierra Co. data Click for Dona Ana Co. data Click for Luna Co. data Click for Grant Co. data Click for Hidalgo Co. data

View IDA Holders by County

Click counties in the map above to learn more about IDA holders in that region. Or, use the links below.

What is the Impact of IDAs in NM?

In counties throughout New Mexico, Prosperity Works and its partners use Individual Development Accounts (IDAs) to build strong communities. Learn more.

As few as 1,192  families turning their savings into their dreams builds our economy in multiple ways.  Results as of September 30,2015 include:  

Total Savings Deposits Total Economic Stimulus Workforce Development
Over $8.3 million in deposits held in NM $5.96 million Cash Infused into Local Communities Skilled, localized,educated, vested families
Home Ownership Increased Business Activity Increased Earning Power
  • 271 families in safe and secure housing
  • 516  new/expanded locally-owned business
  • 405 New Mexicans earning a degree
  • $43,360,000 in new mortgage holdings
  • 903 new jobs created; persons employed
  • $3,853,980 increased earning potential per year
  • $1,355,000 cash infusion into the economy
  • $2,580,000 cash infusion into the economy
  • $2,025,000 cash infused into higher education

 

In the short history of New Mexico’s involvement in the Individual Development Account (IDA) economic and workforce development strategy, the effort has seen notable results. Key to this strategy is the ability for each participant to establish their own goals; to understand that self-improvement is up to them; and to drive their own success through consistent financial savings, rigorous financial empowerment, and increased financial savvy. 

Opening the opportunity for hard-working, limited-income New Mexican families to invest in their future brings solid., lasting economic skills.