Business Incentives for Employers

Make sure your employees know about these tax credits! They may pay less in taxes and receive more money in their take-home pay-at no cost to you!

The AEITC is simply an offshoot of the EITC which provides eligible workers with portions of their tax credits in advance of filing their Federal income tax returns. These "advanced" credits result in larger paychecks throughout the year, yet still provides tax refunds after filing Federal income tax returns. Employees taking home larger paychecks are more likely to be able to cover day-to-day expenses and are less likely to miss work.

These tax credits provide financial incentives to businesses for hiring individuals who qualify for tax credits. Companies can earn up to a $2,400 federal tax credit per qualified individual hired through the WOTC program. For a business to receive the tax credit, an employee must be qualified in at least one of the following categories:

• Recipient of Temporary Assistance to Needy Families, Food Stamps, or Supplemental Security Income (SSI)
• Ex-felon
• High-risk youth
• Summer youth
• Veteran receiving food stamps
• Vocational rehabilitation referrals

The federal Welfare-to-Work Tax Credit program provides to businesses a tax credit of up to $8,500 over a two-year period for each newly hired (and qualifying) long-term family assistance recipient. The first-year maximum WtW credit is $3,500, and the second-year maximum credit is $5,000. There is no limit on the number of people a company can hire under either program.

This tax credit is designed to encourage the development of skilled workers through apprentice training programs in order to counter the current and projected shortage of skilled craft workers in the Manufacturing Trades which exists in Connecticut.

• Some examples of crafts that are eligible for the Manufacturing Trades tax credit are:
• Machinist,
• Tool and Diemaker,
• Tool and Machine Setter,
• Plastic Technician,
• Injection Molding Technician,
• Moldmaker,

and in similar occupations which involve multiple work processes, including the shaping of metals by machine tool equipment designed to perform cutting, grinding, milling, turning, drilling, boring, planing, hobbing, and abrading operations, and the set-up, operation, troubleshooting, repair, and maintenance of machinery used by the Manufacturing Industry.

To help low-income individuals meet expenses, the Federal government has established the EITC. Eligible workers may receive these tax credits in the form of larger tax refunds after filing their Federal income tax returns.

For Information Technology employers

For Manufacturing employers

If your company is experiencing financial difficulties, the Rapid Response Team, headed by the Rapid Response Unit of the Department of Labor, can assist in exploring alternatives to layoffs. If layoffs cannot be averted, the team can provide your company with the opportunity to help workers make a more-effective transition to new employment by conducting prior-to-layoff on-site Early Intervention sessions. 

These sessions are designed to inform workers of the wealth of free services that are available to assist them in getting re-employed as quickly as possible. In addition, team members may be available to provide a series of on-site mini-workshops which introduce workers to the basics of conducting a successful job search. All services provided by the team are free of charge.
 

Led by a convening team of members from the surrounding Chambers of Commerce, a group of like-minded business leaders in Northwest Connecticut have volunteered to help steer a new approach that the State of Connecticut is taking toward economic growth. The NRWIB’s alliance with the Next Generation Sector Partnerships formed the Northwest Connecticut Manufacturing Partnership, the first regionwide, industry-led effort of its kind. Its aim is to promote the benefits of manufacturing careers to key target audiences, as well as provide local education programs with insights on the latest industry trends and curriculum changes needed to train new manufacturing talent.

The Partnership welcomes your participation as an industry leader—or, as we like to say, industry champion! We are looking for champions to join Action Teams to help design and drive the regional campaign and the regional gathering with educational programs.  We are also locking in support from public and community partners, natural allies in helping manufacturing thrive in Northwest Connecticut. 

Together, for the first time in our region’s history, we hope to mobilize a large “coalition of the willing” in a sustained effort to grow the talent pool for manufacturing, ensuring the industry’s long-term success and lasting benefits for our residents and communities. To learn more about the Partnership and/or to get involved, visit www.nextgensectorpartnerships.com and reach out to Helen Brickfield.  

The Northwest Connecticut Healthcare Regional Sector Partnership, launched on March 31st, 2022, brings together over 30 healthcare leaders with the common goal of promoting sector growth and bettering the healthcare industry. It's the first regionwide, industry-led, community-supported effort of its kind in Connecticut.

The partnership focuses on expanding and improving local educational programs, raising awareness and interest in healthcare careers, and making regulatory and efficiency improvements in care. They held a successful event called "Industry Meets Academia" to connect healthcare providers with educators and established three priorities: Building Early Awareness of Healthcare Careers, Creating Experiences to Explore Healthcare Options, and Enhancing the Educational Pipeline into Healthcare.

The partnership plans to continue build a speakers' bureau to engage students and families in choosing healthcare careers, host a virtual reality Career Expo to provide interactive healthcare training, and develop an internship program for high school students to gain experience in healthcare roles. They invite interested parties to get involved by contacting Jennifer Murphy-Pitcher. View photos of our first graduating classes by clicking here.

The Northwest HealthConnect Regional Sector Partnership is dedicated to advancing the healthcare industry and fostering a promising future for the workforce.

• Connecticut Department of Labor's Resources
• Connect-ability
• United Way's 211 Connecticut Infoline
• Connecticut Commuter Services
• The Office of Disability Employment Policy (ODEP)
• The Employer Assistance and Resource Network (EARN)
• JAN - Job Accommodation Network
• The Employment and Disability Institute (EDI)

Links Suggested By EducatorLabs:

• Guide to Disability Benefits from Disability.gov
• Medicare & Social Security: Benefits for Disabled Individuals
• Extra Help with Medicare Prescription Drug Plan Costs
• Disability.gov’s Guide to Transportation
• Buying a Home > Department of Housing and Urban Development
• Home Modifications to Promote Independent Living
• Home Safety for People with Disabilities
• Fire Safety & Disabilities Guide