UPDATE - As of April 11, 2011
Mayor Ed 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 (see our previous blog posts below for more information). 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.
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.
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.
- 4,127 job placements have been made since May 2009.
- Over 800 employers, many of whom are local small business owners, have been able to hire despite the recession.
- Approximately $55 million dollars in wages have been pumped into the San Francisco economy.
- 82% of participating employers report that their businesses run more efficiently and 72% reported increased sales as a result of the Jobs NOW! program.