St. Paul, Minn. — Sen. Al Franken introduced a plan Tuesday that he believes could put half a million workers back to work, including 15,000 Minnesotans.
Franken’s dubbing the plan “Cash for Jobs,” but its formal name is the “Strengthening Our Economy Through Employment and Development Act,” or SEED Act.
On the Senate floor, Franken proposed using $5 billion from the Troubled Asset Relief Program to subsidize job creation in the private sector.
“The SEED Act will incentivize rapid job creation by offering small and medium-sized companies, and non-profit companies, a direct wage subsidy to hire new workers and expand their operations,” Franken said.
