Grant Application Availability: Service Provider
The Department of Labor & Industry (L&I) is seeking applications for a grant to a service provider interested in providing layoff aversion services to stabilize, restructure, turn-around or attract buyers for at-risk businesses. The amount of the grant will not exceed $1.5 million per program year.
This grant will be awarded for a one-year period and provides an option to extend for a second and third year.
This Notice of Grant Availability utilizes workforce development system available funds to address L&I's need to provide services for statewide layoff aversion. January 31, 2014 is the deadline to apply for the funding provided through the federal Workforce Investment Act.
Successful applicants' proposals will complement L&I's current workforce development and economic recovery efforts that focus on the employer by saving and creating skilled, sustainable, and productive economy jobs through layoff aversion, responsible capital investment, and building sustainable communities. Among, but not limited to, these efforts are:
the capacity to implement and maintain a system to allow for early notice of potential layoffs or financial difficulties resulting in unemployment throughout the state;
to develop a layoff aversion approach that focuses on financial restructuring to enable small to medium-sized businesses to meet their current financial obligations and investment needs;
allow information sharing and coordination with L&I; and
provide market research by developing resources for early identification of at-risk businesses and ownership transition strategies. By utilizing early intervention with businesses to prevent layoffs to retrain employees whenever possible, L&I avoids the exponentially higher costs associated with "lost" jobs; such as unemployment and job creation programs.
More information and the necessary application documents are included here: