Missouri awards $85,000 in additional federal bonding funds

July 11, 2019
Governor Mike Parson recently announced that Missouri received $85,000 from the U.S. Department of Labor’s Fidelity Bonding Demonstration Grant to help justice-involved and other at-risk Missourians find meaningful employment with a living wage.

Fidelity Bonding Demonstration Grants provide incentives for employers to hire and retain at-risk employees. Funds from this grant will be used to increase employment outcomes for formerly incarcerated individuals and educate employers on the benefits of the Federal Bonding Program. Since 2006, Missouri issued $1.5 million in fidelity bonding, serving more than 125 companies and 200 individuals.  

“We know that getting more Missourians off the sidelines and into the workforce will drive economic development,” said Governor Parson. “That includes people who have been involved in the criminal justice system. This grant will support employers who want to be part of this solution.”

The Federal Bonding Program (FBP) was created in 1966. The program gives employers an incentive to hire and retain at-risk employees.

For more information, contact the Missouri Job Center in your area. Find a full list here.