Kentucky is the latest state to offer hefty return-to-work cash incentives, as the economy begins to bounce back from the COVID-19 shock.
Gov. Andy Beshear announced earlier this week a plan to pay up to 15,000 Kentuckians on unemployment insurance a $1,500 bonus for rejoining the workforce by the end of July.
The program will be funded by some $22.5 million left over from the March 2020 CARES Act, according to a statement from the governor’s office.
In order to qualify, applicants must be a Kentucky resident, be employed by a business in the state between June 24 and July 2021, and have an active unemployment insurance claim as of June 23. Employers must complete an online verification form that the employee has worked 120 hours in the four weeks following being hired. The application process will open via an online form on Aug. 1.
“We want every Kentuckian working and participating as we sprint out of this pandemic with our economy booming,” Beshear said in a statement Thursday.
“We wanted the right solution — not a red state or blue state solution — to thread this needle right to energize our thriving economy while looking out for those still trying to emerge from this once-in-a-lifetime pandemic who desperately need help,” he added. “This is a step in the right direction for our people, our economy and our employers.”