03-30-1987 Council Packet - Laserfiche WebLink

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_5- HERD 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 its M'f the factor which will educe small business owners to create employment opportunities for persons with barriers to successful jab performance. Other incentives, such as training programs designed for the specific needs of individual employers, wage subsidies and tax credits, a:e 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 trairirg 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 ,-ant 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 Lo develop new funding sources. Recently programs have been developed through federal and state grants to provide re-employment services to workers dislocated from the Control Data Corporation. Programs for workers who have been dislocated, have recently been implemented in the County. There 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: HEIU 1/15/87:RSA:05