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Extend the employment periods of your staff - Workforce Partnership

Up to $5,000
Type
Application Difficulty
EASY
Time To Complete4 weeksProgram Budgetno cap
See If You Qualify

Highlights

Applying for the Stabilization of Employment grant can be a game-changer for your business. This program offers financial assistance to extend the employment periods of precarious or seasonal workers, giving you the ability to maintain a stable workforce during slow periods. By securing this grant, you can support your team and avoid disruptions that might affect your business operations.

Additionally, the funding can help you diversify your products or services, which is essential for attracting a broader customer base. It encourages workforce sharing among multiple employers, fostering collaboration that can enhance efficiency and provide consistent employment opportunities. This flexibility can be a crucial advantage in navigating seasonal or cyclical changes in your industry.

Overall, this grant offers an accessible opportunity that is available across all sectors and locations. It’s designed to meet your needs to stabilize your workforce without complicated qualifications. By applying, you’re not just securing funds; you’re investing in your business's resilience and future growth.

Financing Details

Type of Financing
This program offers a grant. Grants are funds that do not need to be repaid, making them a great option for businesses looking to ease financial burdens without adding debt.

Eligible Expenses
You can use the funds for:

  • Extending employment periods for precarious and seasonal workers.
  • Diversifying your products or services.
  • Facilitating workforce sharing among three or more employers.

Restrictions and Fees
The funds cannot be used for:

  • Personal expenses unrelated to business operations.
  • Any prior expenses incurred before receiving the grant.

There are no application fees or hidden charges associated with this program. It's designed to be straightforward and accessible for business owners like you.

Qualifications

  • Location: Available across the country.
  • Sectors: All sectors can apply.
  • Minimum Employees: No minimum employee requirement.
  • Maximum Employees: No maximum employee limit.
  • Minimum Company Revenue: No minimum revenue qualifications.
  • Maximum Company Revenue: No maximum revenue qualifications.
  • Legal Structure: All legal structures are eligible.
  • Profit Structure: All profit structures are eligible.

Disqualifications: None mentioned.

Description

Eligible businesses can access financial assistance through the Stabilization of Employment grant. This funding helps you extend employment periods for your seasonal or precarious workers. It's particularly valuable if your business faces seasonal or cyclical changes, allowing you to keep your workforce intact during slow times.

You can use the grant for diversifying your products or services. This means you can explore new offerings that attract different customers and stabilize your business's revenue. Additionally, workforce sharing among multiple employers is encouraged, which can help you maintain employment levels while collaborating with other businesses.

This program is available across the country and covers all sectors, allowing you to take advantage of it regardless of your business type. By leveraging this opportunity, you can support your team, keep your business thriving, and navigate fluctuating market conditions more effectively.

Program Steps

  1. Understand the Program Requirements
    Familiarize yourself with the details of the Stabilization of Employment grant to ensure you understand how it can benefit your business.

  2. Prepare the Appropriate Documentation
    Gather the following documents needed for your application:

    • Business registration documents
    • Tax identification number
    • Financial statements (latest income statement and balance sheet)
    • Proof of employee hours (e.g., payroll records)
    • A detailed project plan outlining how you intend to use the grant funds
  3. Complete the Application Form
    Fill out the application form accurately. Pay close attention to the information you provide to ensure it aligns with your business needs and goals.

  4. Submit Your Application
    Send your completed application and all required documents to the designated application portal or email provided in the program guidelines.

  5. Follow Up
    After submission, check in with the program administrators to confirm receipt of your application and to inquire about the timeline for funding decisions.

  6. Prepare for Fund Utilization
    Once approved, start planning how you will use the funds to extend the employment periods of your workers and diversify your offerings.

  7. Maintain Records
    Keep track of all expenditures related to the grant. Proper record-keeping will be essential for reporting and compliance purposes.

  8. Engage with Other Businesses
    Explore opportunities for workforce sharing with other employers to maximize the benefits of the program and enhance collaboration in your sector.

Visit Program Website