This program is a fantastic opportunity for your business to gain valuable support while contributing to the energy sector. By hiring a student or recent graduate, you can receive a 50-60% wage subsidy for a 12 to 17-week work term. This means you can save significantly on labor costs while bringing fresh talent into your team. If you hire individuals from underrepresented groups, the subsidy increases to 60% (up to $12 an hour), making it even more beneficial.

What You Get:

• 50-60% wage subsidy for students and recent graduates
• Additional 10% subsidy for first-time applicants
• Increased subsidy for hiring from underrepresented groups

This program not only helps you financially but also allows you to support the next generation of professionals in the energy sector. It's easy to qualify, and the application process is straightforward. By participating, you can enhance your workforce, reduce costs, and contribute to a more inclusive industry.

Type of Financing: Wage Subsidy

Repayment Terms and Interest Rates:

• This is a subsidy, so there are no repayment terms or interest rates.

Eligible Expenses:

• The subsidy covers wages for students and recent graduates.
• Employers receive 50% of the student or graduate’s wages, up to $10.00 an hour.
• For students or graduates who self-identify as Mi’kmaq or Indigenous, a woman in an underrepresented occupation, visible minority, African Nova Scotian, or a person with a disability, the subsidy increases to 60%, up to $12.00 an hour.

Use of Funds:

• Funds must be used to pay wages for students and recent graduates during a 12 to 17-week work term.

Restrictions:

• Funds cannot be used for any expenses other than wages for the eligible work term.

Fees:

• There are no fees associated with this program.

The Energy Training Program offers a great opportunity for your business to hire a student or recent graduate for a summer work term. The Government of Nova Scotia will cover part of their wages, making it easier for you to bring in fresh talent.

Here’s how it works:

• Financial Incentive: You will receive a subsidy of 50-60% of the student's or graduate's wages for a 12 to 17-week work term. This means you can save on labor costs while providing valuable work experience.
• Higher Subsidy for Diversity: If you hire students or graduates who self-identify as Mi’kmaq or Indigenous, women in underrepresented occupations, visible minorities, African Nova Scotians, or persons with disabilities, you can receive an increased subsidy of 60% (up to $12 an hour).
• Additional Benefits: First-time applicants are eligible for an additional 10% subsidy, making it even more affordable to participate.

Key Dates:

• Funding Period: 22 April 2024 to 30 August 2024.
• Work Term Start: Students and graduates must start their work terms by 10 June 2024.

By participating, you not only reduce your wage expenses but also contribute to the professional growth of students and recent graduates in the energy sector. This program helps you access motivated and educated individuals who can bring new ideas and skills to your business.