VCU BARC Logo
 
Home
 
Traduzca esta página en el español | Translate This Page Into Spanish | Use FreeTranslation.com
         
 

SSA's Office of Employment Support Programs (OESP) - The Work Site Logo.

 

Self-Employment & Social Security

Griffin-Hammis Associates, LLC. How does someone finance a small business?

Answer: There are a host of revenue sources available. As traditional developmental disability and mental health services funds become more and more individualized or “portable,” personal budgeting and control of individual rehabilitation and treatment money grows. In the near future, due to changes in state and federal policies, disability funds will be more controlled by the individual with the disability, and many people will be able to redirect their money away from traditional agencies and into their own hands through fiscal intermediaries or families. Individuals will be able, for instance, to create a personal budget with funding that once went directly to a service provider, to buy very specific good and services they need to succeed. For example, in the near future, someone who generates $12,000 per year in state funding that goes to the sheltered workshop may be able to redirect those monies directly into a personal plan for a job or business, and draw on those funds just as the adult service provider would, for as long as needed.

As noted in the first “Where can I get grant money to start a business?”, both Vocational Rehabilitation and the Work Force Investment Act (WIA) programs support small business. Emerging demonstrations of Individual Training Accounts (ITAs) and Intensive Services funds from WIA providers are proof of the viability of enterprise development. And, VR funds, Tribal VR funds, and WIA funds can all be used together (if purchasing different items or services for the individual), and can be further blended with SSA Work Incentives and developmental disability, mental health, or other disability system funds to create a well-funded business start-up or expansion.

For More Information Contact Griffin-Hammis Associates


* - The VCU-BARC Self-Employment & Social Security Pages have been developed in conjunction with Griffin-Hammis Associates, LLC. The contents do not necessarily represent the policy, interpretations or opinion of the Social Security Administration (SSA). The information contained here is intended to inform readers of issues that may affect Social Security and/or other public assistance benefits. Because individual circumstances differ, the reader should not rely on any information here as being specifically applicable to an individual's situation. Readers are encouraged to contact a BPAO benefits specialist to discuss her or his specific situation.