4/11/11 - Mayor Edwin M. Lee, Board of Supervisors President David Chiu and San Francisco Human Services Agency (HSA) Director Trent Rhorer today highlighted local incentives and private sector wage subsidies through JobsNOW2, a City-funded successor to the successful federal stimulus-funded Jobs NOW! initiative. More than 500 San Francisco residents are now employed through the JobsNOW2 program, but the City would like to see more participation from local small business to get more San Francisco residents jobs.
“San Francisco stepped up last year to offer incentives for private sector employers to keep people working and our economy growing,” said Mayor Lee. “We are offering people the dignity of a job and a paycheck instead of unemployment. JobsNOW2 is good for business and good for our City.”
“As co-founder of a small business and former Small Business Commissioner, local businesses need to take advantage of this opportunity to use the JobsNOW2 resources to expand their business and reduce their overhead costs,” said President of the Board of Supervisors President David Chiu. “We need to get San Franciscans back to work now.”
JobsNOW2 reimburses employers for the first $5,000 in wages paid to an employee hired from the eligible job seeker pool. JobsNOW2 now consists of a larger subsidy from $2,500 to $5,000, and the $5,000 wage subsidy can cover two to three months of total wages, a significant benefit to small businesses. JobsNOW2 subsidies help to greatly reduce both the risk and the cost of hiring a new employee and gets more San Francisco residents working. To date, more than 100 businesses have applied to participate in the program and approximately 70 people are now in jobs in the private sector.
“JobsNOW2 gives families the pride of work instead of welfare,” said HSA Director Trent Rhorer. “There are still approximately 250-300 jobs that we can subsidize, and we would like the local business community to take advantage of this opportunity now and get people employed.”
Former Mayor Gavin Newsom started the JobsNOW2 program with a request to appropriate $2.12 million from within the City’s General Fund budget to support the initiative after Congress failed to extend stimulus funding for subsidized employment programs in September 2010. JobsNOW2 is funded only at current levels through June 30, 2011. Interested businesses should call 311 or 1-877-JOB1NOW (1-877-562-1669) or go to the HSA website: www.sfhsa.org/1537.htm for more information.