Welfare-to-Work Tax Credit
The business may receive up to $8,500 per qualified employee. The credit is applied over two years -- $3,500 for the first year of employment and $5,000 for the second year of employment. WDD is able to provide the certification of eligibility for this benefit at no cost to the business. (Subject to availability and eligibility)
Assuming: 5 employees qualify and earn $11 per hour, business would be eligible to receive $17,500 in the first year and an additional $25,000 in year two for a total of $42,500 federal tax credit.
For more information call the Workforce Development Department 1-800-451-(JOBS)5627