lor3nzo
-
10:32:02 pm on September 12, 2011 | # |
The Most Overlooked (and Important) Proposal in Obama’s Jobs Plan
http://moneyland.time.com/2011/09/12/the-most-overlooked-and-important-proposal-in-obamas-jobs-plan/
According to Obama’s plan, all 50 states would be able to establish Self-Employment Assistance (SEA) programs, enabling aspiring entrepreneurs to utilize unemployment insurance money to fund their businesses for up to 26 weeks —providing roughly $10,000 to $13,000 in assistance, or what I would refer to as “seed funding.” Not a bad deal when you consider that the cost of most startups, especially most service-based businesses and tech ventures, have relatively low startup and operating costs. In essence, the president’s plan will create a guaranteed source of startup capital for businesses without any of the traditional credit and collateral requirements as barriers — or the need to give away equity to investors. Someone pinch me.
