SCORE Luncheon Remarks

11:45 A.M., Friday, November 13, 2009
Oak Hill Country Club

Self Employment Assistance Program (SEAP)
Key Points

Thomas Frisk
Labor Services Representative
NYS Department of Labor

 

SEAP Candidates Must

• Be entitled to Unemployment Insurance (U.I.) benefits.
• Be identified as having limited prospects of re-employment and likely to exhaust regular employment benefits
• Be at least 18 years of age
• Apply no later than the last day of the 13th week of U.I. benefits
• Must be willing to work full-time in launching the business
• Be an active owner and not a silent partner
• Only participate in SEAP once

Approval of SEAP Application

Market feasibility and personal financial resources are not part of the initial assessment.  They are however considered during entrepreneurial training and business counseling with your certified business mentor.  However:

•   The completed application represents a specific and clearly thought-out business idea
•    Meets legal requirements
•    Is a business in which you have training and/or experience
•    Business will operate in New York State

While In SEAP

• Applicants must complete 20 hours of approved classroom training in business topics
• Meet Benchmark deadlines
• Meet with Certified Business Counselors AT LEAST twice

Prior to Receiving Acceptance Into SEAP:

Applicants may research ideas but NOT take any steps such as:

            -- incorporation

            -- registration

            -- renting space

            -- business cards

            -- certificates

            -- licenses

            -- customer solicitations

            -- develop a website

     Until approved!