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(see also: Assessment and Rapid Response)
There is state and federal assistance available to employers through a series of tax credit and incentive programs:
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The Job Creation
Tax Credit (JCTC) was designed to encourage businesses
to expand, hire new employees, and help retain jobs in designated
communities. The program awards $1,000 for each new, full-time job
that a business creates in the Commonwealth. Businesses must agree
to create 25 new jobs or increase its workforce by 20%. Contact the
Department of Community and Economic Development at www.dced.state.pa.us
for more information. |
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The Employment
Incentive Payment Tax Credit (EIP) is offered by the Department
of Public Welfare, labor and Industry and Revenue. The credit encourages
employers to hire job seekers who are receiving welfare cash assistance
or vocational rehabilitation. Businesses can qualify for up to $7,200
in such credits for each new hire. Check out www.revenue.state.pa.us
for more details. |
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The Welfare-To-Work Tax Credit (WtW) is a Federal income tax credit that encourages employers to hire long-term welfare recipients. This tax credit can reduce employer Federal tax liability by as much as $8,500 per new hire. Visit www.irs.ustreas.gov for more information. |