|
Tax Credits and Training Subsidies
Tax Credits - The Business Services team works with the Department of Commerce and other partners at the Federal, State, and Local levels to bring you tax credit subsidies. For more information contact your business consultant..
Training Incentive - Financial assistance may be available for a variety of business training needs. Some of the training incentive programs include: On-the-Job Training (OJT), Customized Labor Training (CLT), and Business Employees' Skills Training (BEST). For assistance in determining which programs fit your business, contact your business consultant.
Employment Incentive - The Work Opportunity Tax Credit (WOTC) is a federal income tax credit that provides an incentive for private for profit employers to hire individuals of certain target groups, which have traditionally faced significant barriers to employment. Employers can save up to $2,400 per new hire. WOTC applies only to new employees hired after September 30, 1996. For more information contact your business consultant.
|
