We are happy to guide businesses through the process to qualifying for three hiring incentive programs to help offset labor costs.
Work Opportunity Tax Credit
Qualifying businesses that hire people from 12 targeted groups which have faced employment challenges can access the Work Opportunity Tax Credit (WOTC). This federal tax credit is an incentive designed to aid specific groups of people find employment and achieve self-sufficiency and cut employer income tax liability. Target groups for the WOTC include veterans, recipients of certain types of public assistance, and those who have completed or soon will complete rehabilitative programs.
Previous employees of the employer cannot be rehired through the WOTC program. Also, businesses may not receive the WOTC tax credit for a dependent or relative of the business owner.
Click Here for additional Information about WOTC
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On The Job Training (OJT) - You Hire, You Train, We Pay
On The Job Training is a federally funded program that helps employers hire and train job seekers for long term employment. The employer is reimbursed for the costs of the training (up to $ 8000). A representative from Opportunity Job Network will assist you with identifying eligible job seekers, setting up a traning plan, and completing the minimal paperwork needed to get started.
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Federal Bonding Program For Ex-Offenders
Consider hiring an ex-offender and giving them a second chance. To address some of your concerns and potential risks, this program provides a $5000 hiring incentive to employers who hire eligible ex-offenders.
Click Here for additional information about the Federal Bonding Program
For additional information on all of these programs, Click Here