Juneau, Alaska (KINY) - The U.S. Department of Labor has awarded $100,000 to the Alaska Department of Labor and Workforce Development for fidelity bonds.
The bonds reduce financial risk for employers that hire people with criminal records or a history of addiction.
Fidelity bonding has two goals: Alleviate employers’ fear of loss at no additional cost, and give at-risk Alaskans the opportunity to reduce their chances of recidivism by finding self-sustaining employment.
The “Fidelity Bonding Re-entry Project” is a four-year grant that increases access to fidelity bonds and promotes this hiring incentive by funding better outreach to businesses, community and industry organizations, employers and unions.
The Division of Employment Training Services will partner with the Department of Corrections to educate re-entering citizens, before and after their release from prison, about the availability of fidelity bonds.
Job seekers can find more information at their nearest Alaska Job Center.