The announcement expands on guidance issued in May, which included $35 million in funding for states to implement or expand these programs made possible through the Middle Class Tax Relief and Job Creation Act of 2012.
“Our job at the SBA is to provide access and opportunity to entrepreneurs who want to start, grow or expand their business,” said SBA Administrator Karen Mills. “For entrepreneurs who find themselves unemployed, the SEA website and toolkit will help them turn small business ownership into a reality and possibly put others back to work at the same time — a win-win scenario.”
Participation in Self-Employment Assistance programs is voluntary for eligible unemployment insurance recipients, and enables them to receive financial assistance equal to their benefits while they receive important entrepreneurial training and resources to help launch their own businesses. The new website provides tools and technical assistance to states that are considering implementing or enhancing a Self-Employment Assistance program, and additional resources to help entrepreneurs launch their businesses and create new jobs.
Through the site, the SBA continues to offer free online business courses on topics such as How to Prepare a Business Plan, Franchising Basics, Government Contracting, Green Business Opportunities and more. Entrepreneurship and Business Planning, Entrepreneurial Marketing and Finding Money to Start a Business are some of the other courses available. The site also highlights successful practices from states currently operating Self-Employment Assistance programs to assist new states as they implement or enhance their programs.