Employer Training Grants
CareerSource Heartland can help your business apply for programs that assist you in obtaining training dollars to raise employee skill levels. Our Business Operations team can assist you in determining your possible participation in these grants.
A new hiring tax credit that will provide an incentive for businesses to hire unemployed veterans.
- Short-term Unemployed: A new credit of 40 percent of the first $6,000 of wages (up to $2,400) for employers who hire veterans who have been unemployed at least 4 weeks.
- Long-term unemployed: A new credit of 40 percent of the first $14,000 of wages (up to $5,600) for employers who hire veterans who have been unemployed longer than 6 months.
Will double the existing tax credit for long-term unemployed veterans with service-connected disabilities.
Maintain the existing Work Opportunity Tax Credit for veterans with service-connected disabilities (currently the maximum is $4,800).
A new credit of 40 percent of the first $24,000 of wages (up to $9,600) for firms that hire veterans with service-connected disabilities who have been unemployed longer than 6 months.
The WOTC was designed to provide a tax incentive to private for-profit employers for hiring individuals from certain target groups who experience high rates of unemployment due to a variety of employment barriers. Tax credits are computed on the annual wages of each qualified employee with a maximum allowable credit of $2,400 per employee.