Missouri awards $85,000 in Additional Federal Bonding Funds

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. 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. 

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