MEDIA RELEASE: Analyst: To save North Carolina jobs, Congress must extend emergency fund

 Analyst: To save North Carolina jobs, Congress must extend emergency fund

A jobs program for NC will expire in September without federal action, harming economic recovery and working families
 
RALEIGH (Aug. 31, 2010) – A program that helps North Carolina businesses keep workers employed will expire at the end of September unless Congress acts to extend it. Federal lawmakers must act to keep North Carolina on the road to recovery, says the author of a new paper released this morning.

“Studies show that wage subsidy programs can create jobs and connect workers to employment opportunities, creating wealth and spurring business,” said Alexandra Forter Sirota, a policy analyst with the NC Budget & Tax Center. “North Carolina needs more of this, not less.”
 
The Temporary Assistance to Needy Families Emergency Fund provided North Carolina with critical funding to child care subsidies ($23.6 million), More at Four ($30.5 million), Work First family assistance ($9.7 million) and to the subsidized jobs program ($11.4 million). Taken together, these programs served to support working families and provide job opportunities for low-income adults.
 
The fund will expire on Sep. 30 if Congress doesn’t act before then to extend it.    
 
“Ending this program will cost North Carolina jobs, remove much-needed income from local economies, adversely affect local businesses, and make it impossible for many low-income parents to cover basic expenses,” writes Sirota. “This is the opposite of what the nation needs at a time when the economic recovery remains precarious.”
 
The report is available online here: http://www.ncjustice.org/?q=node/589
 
FOR MORE INFORMATION, CONTACT: Alexandra Forter Sirota, 919.861.1468, alexandra@ncjustice.org; Jeff Shaw, director of communications, 503.551.3615, jeff@ncjustice.org.