Posted at 5:24 AM
State of Connecticut Launches STEP UP for Small Businesses
On April 3, 2012, Governor Dan Malloy (D-CT) announced a new program designed to promote job creation by providing incentives to employers that hire unemployed jobseekers.
The Subsidized Training and Employment Program (STEP UP), created as part of a jobs package passed by the state legislature, creates two types of hiring incentives for eligible small businesses. A six month wage subsidy is available to small businesses with fewer than 50 employees who hire those from a community with an employment rate equal to or higher than that of the state (7.7% as of April 2012). Further, such employees must have an adjusted family income equal to or less than 250% of the federal poverty level.
STEP UP also provides for a training grant for small state-based manufacturers. The six month grant provides up to $12,500 to manufacturers for new hires and their trainging. Training must take place at the business site.