NJ Offers Cash to Get Workers Training, Small Business Jobs – NBC New York

What to Know

  • New Jersey is providing a $500 incentive to unemployed individuals who return to work at companies with 100 or fewer workers and obtain job coaching, Gov. Phil Murphy mentioned Monday.
  • The inducement, dubbed the Return and Earn Program, will likely be financed with $10 million of federal COVID-19 funds.
  • The employer wage subsidy will likely be capped at $10,000.

New Jersey is providing a $500 incentive to unemployed individuals who return to work at companies with 100 or fewer workers and obtain job coaching, Gov. Phil Murphy mentioned Monday.

The inducement, dubbed the Return and Earn Program, will likely be financed with $10 million of federal COVID-19 funds.

The Democratic governor says the brand new program will use already-existing job-training infrastructure to present wage reimbursement to employers. Employers who rent employees with “skills gaps” may get 50% of the wages reimbursed through the coaching interval below this system.

The employer wage subsidy will likely be capped at $10,000.

This system has the assist of lawmakers in addition to enterprise teams. Tom Bracken, president and CEO of the New Jersey Chamber of Commerce, mentioned this system will present job coaching in addition to an incentive to get employees again in jobs.

John Harmon Sr., president and CEO of the African American Chamber of Commerce of New Jersey added: “It’s a good use of funds to help address the labor shortage that has adversely impacted our small businesses during the pandemic.”

Murphy mentioned the $500 incentive to eligible employees could be paid of their first paycheck.

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