Approximately 275 employees at more than 60 Southern Nevada small businesses and nonprofits will remain on the payroll thanks to an innovative Layoff Aversion Pilot developed by Workforce Connections, Southern Nevada’s Local Workforce Development Board.
The pilot brings together public and private funding to support employers and employees impacted by COVID-19.
The Layoff Aversion Pilot utilizes $344,000 of federal Workforce Innovation and Opportunity Act (WIOA) funds provided by the Nevada Department of Employment, Training and Rehabilitation (DETR).
An additional $100,000 was donated by Bank of Nevada, which significantly extends the reach of the initiative.
The pilot is a wage reimbursement program, in which:
- Employers are reimbursed up to 50% of a current employee’s wages from April 20 through June 30.
- Each employer can receive a maximum of $1,600 per individual employee, for up to five employees.
- No employer will receive more than $8,000 in total.
- Employers do not receive a lump sum check, rather the business will be reimbursed per payroll period after submitting proof of paid wages.
Small businesses and nonprofits were identified to participate in the pilot using the collective expertise of the Las Vegas Global Economic Alliance (LVGEA), and these local chambers of commerce: Asian, Boulder City, Henderson, India, Laughlin, Latin, Mesquite, Urban and Vegas.