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Economic Development

Posted on: August 20, 2021

Grant Opportunity: Back-to-Work Small Business Hiring and Retention Program

Back-to-Work Small Business Hiring and Retention Program

The Back-to-Work Small Business Hiring and Retention Program is designed to assist small, locally owned, or operated businesses hire and retain employees. The program will fund up to $10,000 in expenditures for employee hiring/signing incentives, relocation incentives for employees that are moving to take an open position, and/or employee retention incentives. Please note: there is a cap of $1,000 incentive per employee. Up to 25% of the awarded benefit amount can be utilized for other business expenses such as mortgage/rent, utility costs, etc.


Eligibility requirements include:

  • 5-25 Arizona employees
  • Owned and operated in the state of Arizona, including franchises with corporate headquarters in other states, but with locally owned franchised establishments
  • Incorporated before January 1, 2020
  • Must be renting or leasing a physical location; may not be working from home or remotely as an independent contractor

The funds must be used for the following:

  • At least 75% must be used for:
    1. Employee hiring/signing incentives
    2. Relocation incentives paid to employees who are moving to take an open position with the qualifying business
    3. Employee retention incentives
  • Up to 25% may be used for other business expenditures including mortgage, rent, utility costs, and other operating expenditures
  • Up to $1,000 in total incentives per retained or newly hired employee
  • Employees that receive an incentive that is funded by this program may not include the business-owner
  • Business owners must submit a plan for how they will use the money

 

The grants will be awarded on a first come, first served basis and will undergo a peer review process. Funding must be distributed to new or existing employees within three months of the award.



For additional information, please click on the following link:

https://gn.ecivis.com/GO/gn_redir/T/1pyoeti8hsz3a

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