A Guide To STARTING A BUSINESS IN MINNESOTA 42nd Ed 2024

DISLOCATED WORKER PROGRAM The Dislocated Worker Program, located within the CareerForce Division of the Minnesota Department of Employment and Economic Development (DEED), provides employment and training services to workers laid off from their jobs due to no fault of their own and due to changes in technology, investment strategies, and consumption and competition. The program also serves veterans leaving active duty with the Armed Forces and certain individuals leaving active duty of the National Guard or Armed Forces Reserves. DEED delivers dislocated worker services in two ways: For individual dislocated workers, resources are allocated to service providers in the CareerForce Centers, or in the event of a plant closing or mass layoff (usually 50 or more workers affected) DEED has developed a process which customizes services to the needs of the affected workers and businesses. The process begins in confidence with members of the Dislocated Worker Program Rapid Response Team. The most effective programs begin with at least 60 days’ notice, in compliance with the Worker Adjustment and Retraining Notification Act (WARN). MINNESOTA FEDERAL BONDING SERVICE The Minnesota Federal Bonding Service provides individual fidelity bonds (employee dishonesty insurance) to employers for job applicants who may be denied coverage by an employer’s surety company due to risk factors. The Fidelity Bond insurance is issued as a policy of Travelers Property Casualty. The Minnesota Department of Employment and Economic Development (DEED) is an authorized agency for the issuance of these bonds. This fidelity bond is issued at the request of the employer at the time of a job offer, or, if the employer chooses to bond someone already in his/her employment. Bond coverage becomes effective when the employer of the person to be bonded contacts the Bonding Coordinator for DEED. The person to be bonded must be working, full or part-time, in W2-paid employment in Minnesota. Self-employment is not eligible. The bond is provided at no cost to the employer or the job applicant. The duration of the bond is six months and the bond is ordinarily for $5,000. An employee is ineligible for this service if he/she has been in a bonded position before and a claim was made against that bond. This bond protects the employer only against employee theft of money or property. If there is not a claim against the bond, after six months, the employer will be offered the opportunity to continue the bond at standard rates, and the employee is considered “Bondable for Life.”

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