Hiring Subsidies and SME Loans Act 651: Difference between revisions
From The Kodiak Republic Wiki
Hiring Subsidies and SME Loans Act 651 (view source)
Revision as of 18:36, 16 March 2023
, 1 year agono edit summary
m (Wording) |
No edit summary |
||
| (One intermediate revision by one other user not shown) | |||
Line 1:
''Recognising that the Kodiak Republic's poor economic conditions do not encourage expansion and hiring, this act targets improving existing structures to provide loans to SMEs that make up 99% of businesses. This act further intends to introduce, as soon as possible, a hiring subsidy to assist and encourage hiring in the short-term while the nation works towards economic recovery and enacts further recovery programs.''
''PASSED on March 11, 2023 by a vote of 15 Aye. 3 Nay., and 4 abstaining.''
==Article 1: Definitions==
Line 34 ⟶ 37:
:3.5 - Hiring subsidies will only apply if an employee will work on average 20 or more hours per week.
:3.6 - Businesses may not release an employee from employment and
| |||
