A $1 million Iron Range Resources Wage Subsidy Program which assists businesses headquartered within the Taconite Assistance Area in hiring new employees is now available through the Workforce Centers in northeast Minnesota.
The program provides eligible businesses with a wage subsidy that amounts to the lesser of $5 per hour or 50 percent of an eligible employee’s wage for up to six months, or $5,000, whichever occurs first. As many as five employees can be hired through the program for any one business, for a total of up to $25,000.
Iron Range Resources is providing funding for the program, which will be administered through the Northeast Minnesota Workforce Centers in Virginia, Hibbing, Grand Rapids and Aitkin, and AEOA offices in Cook and Lake counties.
To be eligible, businesses must be headquartered within the Iron Range Resources’ Taconite Assistance Area for at least a year in manufacturing, wholesale trade, retail trade, transportation and warehousing, finance and insurance, professional and technical services, and management of companies and enterprises. Businesses with employees currently on layoff status or on reduced hours are not eligible for the program. Priority will be given to businesses with 25 or fewer employees that intend to add new full-time permanent positions.
Employers interested in applying for the program should visit www.jobtrainingmn. org or call 800-765-5043.
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