Ontario Government to Launch Youth Employment Fund This Fall
Ontario’s new Youth Employment Fund will help more young people find jobs.
Starting this September, the fund will help employers offer four-to six-month job and training placements for young people seeking work.
Premier Kathleen Wynne unveiled new details about the Youth Employment Fund at Operation Springboard in Scarborough today. Ontario will provide up to $7,800 to cover a range of supports and services for each eligible young worker under the fund. That includes up to $6,800 to help employers cover wages and training costs, and up to $1,000 to help young workers pay for job-related costs like tools and transportation to work.
The Ontario government announced the fund in the 2013 Budget as part of the new Youth Jobs Strategy. The strategy will help more young people find jobs or start their own businesses, and ensure that employers can find the skilled workers they need to grow their businesses.
Helping young people find jobs is part of the Ontario government’s plan to strengthen the economy and build a fair and prosperous society.
Ontario is investing $195 million over two years in the Youth Employment Fund.
Businesses and eligible youth aged 15 to 29 will be able to access the fund through Employment Ontario or through their local employment service providers.
Last year, 35 per cent of Employment Ontario clients were youth. Sixty-seven per cent of those clients found employment and 14 per cent went on to further training or education.