ATTENTION EMPLOYERS: Please submit all invoices for 80/20 before Sept. 20, 2010. Invoices received after Sept. 20, might not be processed.
What is the 80/20 Program?
The 80/20 Program allows employers from the Fresno County region to hire new employees at a significantly reduced cost.
Who is paying for 80/20?
The program is part of the federal government's American Recovery and Reinvestment Act, an economic stimulus package. While the Fresno County Department of Social Services will be reimbursing employers in the Fresno County region, ultimately this program is funded by the federal Temporary Assistance for Needy Families Emergency Contingency Fund. The funding is available through September 30, 2010.
How does 80/20 differ from other business incentives?
Many incentive programs are in the form of tax credits. 80/20 represents a cash reimbursement, so you do not need a tax liability to benefit from the program. For this reason, nonprofits and government entities can use 80/20.
How is the 80% calculated?
Employers that meet certain criteria will be reimbursed 100% of the wages paid to qualified hires filling full-time, vacant positions if the employer can provide a 'match' equal to 25% of wages paid to qualified hires in training and supervision expenses. The "80%" reimbursement employers shall receive is calculated from this "total cost" of 125% of wages paid to qualified hires, equaling 100% of wages.
How long does it take to receive the cash reimbursement?
After an employer submits the monthly invoice, the maximum time for reimbursement will be 45 days. The monthly invoice should be submitted within 10 calendar days of the end of each month.
Who are qualified employees?
CalWORKs recipients (an estimated 11,000 job ready clients) and additional individuals who are part of needy families, those with an income less than 200% of the official federal poverty level and who meet other criteria.
Which types of employees do not qualify?
Those working part time, doing piece rate work, independent contractors (IRS 1099) and those working solely on commission. Subsidized employees must work a minimum of 35 hours per week.
Contracts & Required Documents
The 80/20 Program is administered and funded by the Fresno County Department of Social Services