11.1 Allowable Funding for Self-Employment Startup Costs

Tier Level I, Low End

• Startup Cost Range, $0.00

• Percent Payable Per Tier By DVR, 85%

• Maximum DVR Contribution, $0.00

• Maximum Individual Contribution, $0.00

Tier Level 1, High End

• Startup Cost Range, $3000.00

• Percent Payable Per Tier By DVR, 85%

• Maximum DVR Contribution, Includes prior tier high end amount paid PLUS current tier allowable amount $2,550.00

• Maximum Individual Contribution, Includes prior tier high end amounts paid by DVR plus current tier allowable–cash or in-kind allowable $450.00

Tier Level 2, Low End

• Startup Cost Range, $3000.01

• Percent Payable Per Tier By DVR, 70%

• Maximum DVR Contribution, $2,550.00

• Maximum Individual Contribution, $450.00

Tier Level 2, High End

• Startup Cost Range, $6,500.00

• Percent Payable Per Tier By DVR, 70%

• Maximum DVR Contribution, Includes prior tier high end amount paid PLUS current tier allowable amount $5,000.00

• Maximum Individual Contribution, Includes prior tier high end amounts paid by DVR plus current tier allowable–cash or in-kind allowable $1,500.00

Level 3, Low End

• Startup Cost Range, $6,500.01

• Percent Payable Per Tier By DVR, 50%

• Maximum DVR Contribution, $5000.00

• Maximum Individual Contribution, $1,500.00

Tier Level 3, High End

• Startup Cost Range, $21,000

• Percent Payable Per Tier By DVR, 50%

• Maximum DVR Contribution, Includes prior tier high end amount paid PLUS current tier allowable amount $12,250.00

• Maximum Individual Contribution, Includes prior tier high end amounts paid by DVR plus current tier allowable – cash or in-kind allowable $8,750.00

NOTE: Contact the DVR Finance and Operations Unit when planning to purchase equipment that requires a state registration, such as a trailer.