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43:21-66. Repealed by L.1995, c. 422 s. 10, eff. Jan. 10, 1996
43:21-67. Short title
1. This act shall be known and may be cited as the "Self-Employment Assistance and Entrepreneurial Training Act."
L.1995,c.394,s.1.
43:21-68. Findings, declarations relative to small business
2. The Legislature finds and declares that a significant percentage of new jobs in this country are created by small businesses and that approximately 12 percent of the persons employed in the United States are self-employed, mostly in small businesses. In the wake of recent corporate downsizing, it is imperative that ways are found to help unemployed individuals, including professional and technical employees, to re-enter the labor force. Experience in numerous other states and in certain urban areas of New Jersey has shown that "micro-lending," or carefully targeting small loans to individuals with well-developed, realistic business plans, has been successful in helping those individuals to establish small businesses and become self- employed entrepreneurs. This approach is particularly successful where the loan recipients are part of a peer group that provides support, advice and assistance, and helps to ensure loan repayments.
L.1995,c.394,s.2.
43:21-69. Definitions relative to self-employment assistance
3. As used in P.L.1995, c.394 (C.43:21-67 et al.):
"Division" means the Division of Unemployment and Temporary Disability Insurance of the Department of Labor.
"Full-time basis" with respect to the amount of time spent participating in self- employment assistance activities shall have the meaning contained in regulations adopted by the Commissioner of Labor.
"Peer group" means a group of not more than twenty participating individuals who provide mutual assistance and support for each other's efforts to establish businesses and become self-employed entrepreneurs.
"Reemployment services" means job search assistance and job placement services, including counseling, testing, assessment, job search workshops, job clubs, referrals to employers and providing occupational and labor market information.