JACKSON — The Mississippi STEPS program will expand this summer to subsidize youth jobs and aid entrepreneurs opening their own businesses, Governor Haley Barbour announced yesterday.
This summer, two spin-off programs, Summer STEPS and STEPS New Start, will maximize the $43 million the state received for jobs through the American Recovery and Reinvestment Act. The original jobs initiative, the Mississippi STEPS: Subsidized Transitional Employment Program and Services, began in Dec. 2009 as a joint venture between the Mississippi Department of Human Services and the Mississippi Department of Employment Security.
“We have seen a huge amount of interest from Mississippi employers who would like to grow their business but are limited during this economic downturn,” Barbour said. “By creating innovative programs like Summer STEPS and STEPS New Start, we can address all types of needs our small businesses have and help keep Mississippians working.”
Summer STEPS begins in June funding jobs for youth ages 18-24. Wages will be 100 percent subsidized for youth working 32 to 40 hours per week and earning $8 an hour. Qualifying participants will be able to transition to the original STEPS program upon completion of Summer STEPS. Young workers must be or have a dependent in families with a household income within 250 percent of the federal poverty line.
STEPS New Start will begin in July to aid entrepreneurs in opening their new companies. Qualified participants will be eligible to receive a grant of up to $5,000 to start a business. Priority consideration will be given to applicants who are prepared to open within 60 days of their application. Eligible entrepreneurs must have at least one child under the age of 18 and earn within 250 percent of the federal poverty line.
More than 1,000 employers have participated in original Mississippi STEPS, which has funded more than 1,200 jobs across the state. Mississippi STEPS subsidizes the wages of a new employee hired by any public hospital, private non-profit or for-profit entity in the state for six months.
The program expires in Sept. 2010.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info