Must low-income individuals fill jobs created by low-income investments made by NMVCCs and SSBICs?
No. There are no requirements concerning the jobs that must be created by those investments. However, one of the purposes of the NMVC program is to encourage NMVCCs and SSBICs to make investments that, among other things, will result in sustainable jobs for residents of low-income communities. As part of its selection process, SBA will evaluate the potential economic and community development impact of an applicant’s proposed investment and operational assistance activities on LI areas.
Related Questions
- What Assistance Programs Are Available to Help Cover Health Care Costs for Disabled and/or Low-Income Individuals and Families?
- Is the COBRA Premium Reduction (Subsidy) still available to individuals who have lost their jobs?
- Can individuals who are RIFed apply for other OSU Extension or Ohio State jobs?
