The acronym SEA stands for Self-Employment Assistance, self-employment programs that entitle jobless individuals to claim unemployment benefits while receiving access to small business development assistance from the government. In other words, American workers can use unemployment as a springboard to business ownership thanks to the Middle-Class Tax Relief and Job Act signed into law by President Barack Obama in early 2012.
SEA programs address the fundamental challenge faced by jobless workers who can’t afford to lose their unemployment benefits simply because they aren’t actively looking for a new job. A White House blog entry from May of this year explained the inflexible system they faced before the new law:
“If they stop looking for traditional work full-time, they will lose their unemployment benefits. Instead, SEA allows an entrepreneur with a viable business plan to receive those same unemployment benefits, as long as they are working full-time to get a new company off the ground.”
Here’s how the Self-Employment Assistance program works
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