Lesser Known Options for Displaced Workers
Often unemployment compensation is gone before the storm is over. Many of the economic trends that move factories close down retail establishments, or block re-entry into the job market are longer lasting than the state provided unemployment insurance payments. The future looks bleak.
The frustration of running out of options is overwhelming. Perhaps the following ideas will help by opening new career directions. Displaced work is often a clue that work trends have changed. Many workers will find themselves not prepared for the changes in the employment environment.
Here are some ideas that may provide you new, different approaches to handling the challenges of extended unemployment.
First, perhaps the US Department of Labor's Trade Adjustment Assistance (TAA) program will help. If eligible, you can receive retraining for a skill or trade that has jobs in your area. While retraining this program provides up to 52 weeks of income assistance (after unemployment benefits have been used up). Other potential benefits include relocation assistance and job search assistance (funds to travel for interviews). This may be for you.
Second, look to see if your state has applied and received a US Department of Labor National Emergency Grant. These grants cover economic, natural disaster, and other exceptional situations. Funds from the National Emergency Grants can be used for retraining, continuation of health insurance benefits, job hunting, and more.
Third, many states are providing entrepreneurial training, coaching, and other benefits to induce displaced workers into entering into a small business. Often loans and grants are available to supplement the training and information available.
Fourth, the US Department of Labor has a Job Corps for people 18 to 25 who meet the qualifications. This option provides training in over 100 occupational specialties, lodging, meals, health and dental care, some child care options, monthly cash allowances, and more. Upon completion there are job placement assistance, college, and job hunting training options available.
Fifth, while not for everyone, many federal government agencies offer Small Business Innovative Research (SBIR) grants. SBIR grants are usually awarded twice annually. It is important to look at the deadline schedules. Each cycle has new research topics that federal agencies are willing to fund.
There are a lot of these grants available; however, the topics are typically very technical. Initial awards, based upon a short proposal, are in the range of $80,000. Follow on awards are based upon initial results and can be for several years. This is an excellent opportunity for those who have the ability to perform innovative research.
These are but a few of the obscure programs that may work for the displaced worker. None of these ideas are universal, but perhaps they can provide thinking outside of the normal approach to unemployment benefits.