Unemployment benefits available to aspiring entrepreneurs

Unemployment Benefits

Image courtesy of FreeDigitalPhotos.net and winnond

The workforce is changing and we can no longer rely on our employers to take care of us throughout our working years. Self-employment is a labor market trend and has grown by 28 percent from 2003-2008, according to the U.S. Department of Labor. The federal government has recognized this trend by passing a $35 million Self-Employment Assistance Program (SEAP) that was tucked into the payroll tax-unemployment extension bill passed in March of 2012.

The federal government has set aside $35 million for states to implement a SEAP program and help unemployed become their own boss and start their own small business. Under the SEAP program, unemployed workers will be able to receive or maintain their unemployment insurance benefits while they start their own small businesses – a full-time job in its own right – without having to look for other full-time work. Currently, these programs are available in New Jersey, Oregon, and Washington State. California is working towards implementing such a program.

Washington’s program requires that the participant meets the following conditions:

  1. Qualify for regular unemployment benefits.
  2. Enroll in a training program that is approved by the Employment Security Department’s commissioner.
  3. Be identified as likely to run out of benefits or be eligible for Commissioner-Approved Training (CAT).

There may be additional requirements to remain in the program such as income levels, weekly progress reports, or required training. For more information on Washington’s program, visit the Employment Security Department’s website.

If you’re not sure if your state has a SEAP program, contact your local unemployment office for information. Many states are trying to implement programs and need the support of the community to get it started.

 Think about all the extra money you could make by being a mystery shopper, starting your own business, or working from home for a legitimate company.  Take control of your income and check out our LEARN page for a list of classes, books, and more!

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