Daily News | This small business grant will help Philly employers provide a living wage and benefits to local residents
Regardless of the size of the business, all newly created jobs will have to meet these requirements:Be a full-time, permanent position working 30 hours or more per week or 1,500 hours or more per year. The position cannot be defined as a temporary position or independent contractor.. However, keep in mind that the minimum wage standard is scheduled to adjust on July 1 based on the Consumer Price Index .
Once accepted into the Quality Jobs Program, small businesses will have one year to complete the new hires and meet these requirements for grants to be awarded.The amount of money that small businesses are reimbursed through the Quality Jobs Program depends on how many new employees they hire., with a maximum grant total amount not exceeding $125,000.
Small businesses will submit a final performance report at the end of the one-year grant period. They will receive a grant of $5,000 per new job created if they meet the requirements of the grant and are above board business-wise, like not having any outstanding business taxes. The commerce department will work with businesses to make sure that’s the case.
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