The White House has announced a new website, created by the Small Business Administration and the Department of Labor, that will help states create programs to aid companies seeking new staff members.
“On the website, you’ll find model legislation that your state can use to enact these programs, as well as a new online toolkit from the Small Business Administration, which offers courses and training on how to start a business,” the White House press release reports. “There are also courses on obtaining money for small businesses, entrepreneurship and business planning, entrepreneurial marketing, developing entrepreneurial work styles, as well as a host of other topics including accounting, marketing, legal facets, sales and taxes.”
Back in February 2012, President Obama signed the Middle Class Tax Relief and Jobs Creation Act of 2012, the first update to the unemployment insurance rules in 40 years. If you’ve heard of it, it’s probably because of the push behind the small business component, which was discussed a lot during the election. But another key component is the Self-Employment Assistance Program, or SEAP, which helps individuals receiving unemployment benefits create a job for themselves.
SEAP includes a training program where unemployed individuals receive counseling and training to help them create a business. The program also provides grants for individuals to launch or grow a business. The government has proposed $35 million dollars to be distributed to all 50 states, Washington D.C., Puerto Rico, and the U.S. Virgin Islands.
Each state has a different set of requirements concerning who is eligible to participate. There are a few states, such as Texas, that have laws that put restrictions on the ways in which residents participe in these programs. So check with your state to learn more about this program and how it’s being implemented where you live. Not only is it a viable alternative for the present, it would also be a wise investment to avoid future layoffs. Many companies — and entire industries — have cut positions that will not be coming back. As a recent graduate, you may also find this option as a way to begin your career. Starting a business today has many different paths available.
As early as May 2012, five states began to implement this reform. If you live in New York, New Jersey, Delaware, Maine, or Oregon they have active Self-Employment Assistance Programs and are ready to begin to give grants to their residents.
Vernetta R. Freeney is a Houston-based entrepreneur and award winning blogger. You can follow her @womengamechange.