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State Subsidies Lead to 65 New Jobs

Gov. Dannel P. Malloy praises the "STEP Up" program for small businesses.

State Subsidies Lead to 65 New Jobs

A $10 million state program to subsidize employers hiring unemployed Connecticut workers has started to see some results. The Subsidized Training and Employment Program, which began in February has led to 65 jobs, according to Businessweek

Malloy, who spoke about the program at a press conference earlier this week, reportedly said 45 small businesses are participating and there’s a lot of money remaining to give to businesses.

One part of the program offers six months subsidies for new hires making up to $20 an hour. Manufacturers can also apply for a six-month grant totaling $12,500 for an employee.

According to the latest figures released by the State Department of Labor, the unemployment rate is 7.8 percent in Connecticut, the lowest since January 2009.  

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