Local job growth

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Applications received and acknowledged by FedNor prior to April 29 are currently under assessment. Thank you for your interest. The Jobs and Growth Fund provides funding to businesses and organizations to help create jobs and position local economies for long-term growth. Eligible applicants Not-for-profit organizations and community economic development partners.

Eligible activities Activities that support the transition to a green economy, including those that: Support the development and adoption of clean technology. Help communities and businesses plan and drive clean, sustainable economic growth. Partner with organizations to catalyze the development of green regional clusters. Work with organizations supporting businesses to transition to a green economy.

Activities that foster an inclusive recovery, including those that: Support businesses owned or majority-led by underrepresented groups, such as Indigenous peoples, members of racialized communities, women, youth, LGBTQ2, persons with disabilities, newcomers to Canada, and members of official language minority communities. Increase the participation of underrepresented groups in the economy by supporting not-for-profit organizations that provide funding, business services, training and access to resources to build a more inclusive and equitable workforce.

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Some cities are creating incubators or innovation districts that cater to the needs of entrepreneurs and small businesses working to get their ventures realized and funded. Others are providing more hands-on support to make their communities as innovation-friendly as possible. Long Beach, California , has recently launched an innovation team made up of a variety of local stakeholders with unique expertise and resources - such as city government, software development, public health and cultural anthropology.

The team will focus on five initiatives to help local entrepreneurs grow their businesses, as well as attract new companies to the city: Drafting an economic development blue print to guide citywide economic growth Developing the StartupLB Tools for Business online platform to help entrepreneurs take the necessary steps to start a business Working with the city's Technology and Innovation Department to create a high-tech infrastructure plan that connects startups with digital resources Gather professionals from all industries and sectors to establish a center for innovation to commercialize ideas and new products and services The innovation team aims to provide Long Beach entrepreneurs with a one-stop-shop for information and resources to get their ideas off the ground.

Long Beach wants to be hospital and accommodating to startups - similar to Silicon Valley - in hopes of driving job growth in the short and long term. Provide Education While some cities want to entice young business professionals with tools and expertise, others are trying to build their own homegrown talent. Acknowledging that tech-related jobs are a major growth industry, many communities are launching education and training programs specifically designed to equip the local workforce with the necessary skills to land technology jobs.

By building a strong, education workforce, these municipalities hope to attract growing companies seeking skilled employees for long-term growth. New Orleans has quietly been making a mark for itself in the technology scene over the past several years.

The city has reported significant growth in startups which formed at a per-capita rate 64 percent higher than the national average between and To accommodate the thriving technology sector during its growth period, New Orleans has invested in education programs to ensure the right skills are available to local startups and small businesses, The Times-Picayune reported. To grow its own workforce, New Orleans has created a variety of training programs such as Tech Talent South and Operation Spark that offer technology immersion workshops for youths and adults.

The University of New Orleans has also created specialized technology courses that teach skills to meet specific job requirements such as information assurance. Similarly, some states are providing cities with funding to launch training programs for specific industries such as healthcare and technology. The grants will be used to expand and create training programs that meet workforce and students needs when searching for high-quality employment.

This extension will only cover mature workers aged 40 and above who have not been employed for six months or more, persons with disabilities, and ex-offenders. The hiring of workers below the age of 40 will no longer be covered by the JGI from April To prevent employers from being able to game the system, there are certain eligibility criteria in place in order for employers to be eligible for the Jobs Growth Incentive JGI.

If they hire a new local employee in October but lose one existing employee in October as well, they will not receive any JGI for October This is because they did not fulfil Condition 1, as its local workforce was 10 employees in September and remains at 10 employees in October If they hire another new local employee in November , they will receive JGI on one new hire for November To receive the JGI for the full 6 months or 12 months from the month of hire for each new local hire, the employer must have qualified for the JGI during the eligibility period, i.

October to March and continually meet the eligibility criteria for the entire payout period i. October to March In other words, even if you meet the eligibility criteria for the JGI payout as of October i. Phase 3 — the current phase we are in — refers to hires made between October to March This means the scheme will run until March at least.

The payouts are given on a quarterly basis, and from the current schedule looks to be paid at the end of the next quarter. While the IRAS website does not explicit say this for Phase 3, it applied to both Phase 1 and Phase 2, hence we assume they will update their information as well. The adjustment factor is, therefore, higher if more existing local employees leave the employer.