PL PACKET 03171987 - Laserfiche WebLink

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-5- • EIGW MEMT AND TRAINING F40OURCES AM INCENTIVES HERO is proposed as a method to stimulate economic growth for the purpose of creating jobs for disadvantaged persons and dislocated workers. The establishing of a Small Business Incubator/Accelerator facility, provides a partial incentive for employers who are potential creators of jobs for the targeted populations. The presence of the facility, however, is not in itself the factor which will induce small business owners to create employment opportunities for persons with barriers to successful job performance. Other incentives, such as training programs designed for the specific needs of individual employers, wage subsidies and tax credits, are available through publically funded programs. In Hennepin County, an abundance of effective programming exists which can be used to assist developing employers to create jobs for the disadvantaged and the dislocated worker. Resources to assist the employer and the prospective employee include: federal job training funds from the Job Training Partnership Act (JTPA) , state wage subsidy monies from the Minnesota Employment and Economic Development (MEED) Act, wage subsidies through AFDC grant diversion, specifically developed training programs through the Hennepin Technical Centers and other training institutions, and pre-screening of potential employees by professional employment and training staff under contract to the County. Although federal and state funds for the above activities are available in lesser amounts than in past years, the County' s Employment and Training system continues to develop new funding sources. Recently programs have been developed through federal and state grants to provide re-employment services to workers dislocated f rom the Control Data Corporation. Programs for workers who have been dislocated, have recently been implemented in the County. 7here has been continuous federal support for employment and training efforts for several decades. This support rises and declines in relation to economic conditions and the level of unemployment. These fluctuations in the dollar level of support notwithstanding, initiatives.,.such as described in this plan can gain access to funds which may be used to increase the employability of the disadvantaged and the dislocated worker. BUSINESS PLAN: HERO 1/15/87:RSA:05