N.H. Admin. Code § Emp 411.07

Current through Register No. 50, December 12, 2024

Section Emp 411.07 - Program Participation Requirements and Monitoring

(a) Participants shall:

(1) Accept the commissioner's referral to the SBDC for services that include all or part of the following:

a. Coordination and management;

b. Outreach and orientation to self-employment activities;

c. Individual business advising; and

d. Educational workshops and seminars;

(2) Take at least 3 courses in the SBDC's online e-Learning program;

(3) Meet on a regular basis with a qualified SBDC business advisor during the course of participation in PTW to work on a business plan as agreed upon by the participant and advisor. The initial meeting shall take place within 6 weeks of acceptance into the program as follows:

a. At the initial meeting the SBDC business advisor shall:

1. Assist PTW participants in setting out a "plan of action" for their self-employment assistance activities; and

2. Guide the participants in developing a written business plan appropriate to the type of business and its stage of development; and

b. If the participant is unable to meet with a qualified business advisor within 6 weeks of acceptance, after having made a good faith effort to do so, and such failure to meet was due to factors beyond the participant's control, such failure shall not subject the participant to automatic termination from the PTW Program.

(b) The SBDC shall prepare a written agreement for each participant outlining the plan for self-employment assistance activities. The plan agreement shall be reviewed with and co-signed by each participant. The SBDC shall provide a copy of the plan agreement to the department.

(c) The department shall conduct periodic reviews of PTW Program participants' progress towards establishing a business and their compliance with program requirements. Reviews shall be based in part on information supplied on the weekly continued claim form, but may include other information provided by the participant.

(d) The department shall follow up every 6 months for two 2 years following the conclusion of an individual's participation in the PTW Program to track the progress of the business. Progress shall be measured based on the following bench marks:

(1) Establishment of a business bank account;

(2) Development of a record-keeping system;

(3) Acquisition of necessary equipment, supplies or inventory;

(4) Development of promotional materials;

(5) Development of a written business plan including financial projections, cash flow, break even analysis, and profit, loss, and balance sheet statements;

(6) Establishment of a pricing structure; and

(7) Possession of adequate insurance coverage.

(e) The business established by the participant shall meet all legal requirements including, but not limited to, holding necessary licenses, payment of taxes, and abiding by zoning laws.

N.H. Admin. Code § Emp 411.07

Derived From Volume XXXVI Number 10, Filed March 10, 2016, Proposed by #11045, Effective 2/24/2016, Expires 2/24/2026.