10-27-83 Agenda & Packet - Laserfiche WebLink

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Business Eligibility - Business must submit a plan to the administrator: 1. Describing duties and compensation. 2. Demonstrating that, with the funds provided, the business is likely to succeed and continue to employ the person. 3. The funds are necessary to allow the business to begin, or employ additional people, but not to fill positions that would have otherwise been filled. • 4. The business is in compliance with all applicable affirmative action, fair labor, health, safety, and environmental standards. Business Payback - Length of participant Pe*cent of Payback loyment 0 - 6 months 70% 6 - 18 months proportional payback 18 months + 0 payback If an employer dismisses an employee for good cause and 111/1 works in good faith with the admin strator, and hires another eligible employee, the payback shall apply as if the original person had continued in employment. Criteria of selection of private sector employers - In allocating furls among eligible businesses, the employment administrator shall give priority to businesses which best satisfy the following criteria: a. have a high potential for growth and long tern job creation b. are labor intensive c. meet the definition of a small business as defined in section 645.455 d. make high use of local and Minnesota resources e. are under ownership of women and minorities f. make high use of nes: technology g. produce energy conserving materials or services or are involved in development of renewal sources of energy, and h. have their primary place of business in Minnesota. Additional programs authorized - Further programs are authorized by the Act that include cash 11111 assistance grants coordinated through the State Public Welfare Department and are scheduled to begin October 1, 1983. RCC 6/83