Skilled trade professionals are the backbone of their families, communities, and our nation’s economy.
That’s why the State Treasurer will deposit $100 into a newly opened Jumpstart Savings Account for young people under the age of 18 and older individuals beginning a qualified apprenticeship or training program.
Ready to ignite your career? Find out if this special incentive is for you:
Ignite Incentive Eligibility
To receive the $100 Ignite Incentive, your account’s Designated Beneficiary must be:
- A West Virginia resident and
- Under the age of 18 or have enrolled in qualified apprenticeship or training program within 180 days of opening the account. Qualified training program include:
- Apprenticeship programs registered and certified with the United States Department of Labor (as provided in 29 U.S.C. §50)
- Apprenticeship programs required by West Virginia law or rule
- Associate degree or certification programs from a community and technical college; or
- License or certification programs from an Advance Career Education (ACE) career center.
Ready to take action?
- Enroll in the Jumpstart Savings Program here.
Depending on the timing of your Jumpstart Savings Account application approval, it could take up to 45 days for your funds to be placed into your Jumpstart Savings Account.
Please note: A deposit to your Jumpstart Savings Account, pursuant to the Ignite Incentive Program, may result in federal and state income tax liability according to applicable laws. Additionally, an individual may be the Designated Beneficiary for an Account that receives the $100 deposit described only one time during said individual’s lifetime, regardless of the number of Accounts for which an individual is named as Designated Beneficiary.