New funding mechanism to support small business, with a maximum contribution of $30,000, for the financial support of hiring a graduate. The funding must be applied to hire a recent graduate in their area expertise for business development, marketing plans or technical development for a period of six months or greater.

Through Human Resources and Skills Development Canada, the YEP is intended to help young graduates find employment in their chosen field, by providing a financial contribution to Canadian SME's  to help offset the cost of the graduate's salary and training. 

The maximum contribution is $30,000 per graduate and must support an internship period of six months minimum but may be up to 12 months.

 Requirements of the interested incorporated business:

-      Must be for profit

-      The business must have one employee on the payroll (T4 slip) but fewer than 500 employees

-      Able to use the expertise of the grad through a technical, business or marketing development

-      No displacement of current employees

-      Graduate must be currently unemployed

-      The company, not IRAP, must find the graduate before applying

-      It is recommended that the company register the position on the National Graduate Register.

-      NGR coordinates: http://campus.workopolis.com/index.html

-      A current balance sheet confirming that the operating line is sufficient for the first 2-3 months of start-up

-      A copy of the graduates CV and diploma must accompany the application

 For more information, please free to contact me at: www.mentorworks.ca or follow at: www.twitter.com/Bernadeen.

 The Youth Employment Program is delivered by IRAP.