The U.S. Department of Labor is supporting the State of Oregon’s Self-Employment Assistance Program with a federal grant of $332,576, to support entrepreneurship, and promote business startups. This aid is part of the Department of Labor’s initiative to improve the federal Unemployment Insurance program, which was expanded through the Middle Class Tax Relief and Job Creation Act of 2012.
Created in 1995, the Self-Employment Assistance Program is designed to aid business entrepreneurs in focusing on developing their business and in making it more profitable. Individuals enrolled in the program may continue receiving financial assistance equal to unemployment insurance without fulfilling the state’s work search requirements. The program protects startup founders owners for six months, when they must either continue searching for jobs or withdraw from the assistance program.
The Self Employment Assistance Program will be using the federal grant to improve one-on-one counseling for entrepreneurs to help them succeed. Also, the funds will help implement intensive training for potential entrepreneurs and improve online services.
As of this year, more than 500 workers are enrolled in this program. The program is part of Oregon’s plan to combat unemployment by encouraging individuals to create new businesses and create new jobs. The Portland mobile technology Urban Airship has been one of its most marked successes.
To learn more about unemployment assistance programs, please contact The Harman Firm, LLP.