Financial Incentives
Improve your Bottom Line
When hiring people with disabilities, there are a number of financial incentives that businesses may qualify for. Community Connection staff will guide you through this process. As an employer you may qualify for Tax and On-the-Job Training incentive programs that will help offset your business costs. The most commonly utilized within our program are: On-the-Job (OJT) training cost reimbursement and The Work Opportunity Tax Credit (WOTC).
More about On-the-Job Training (OJT) incentive programs
- It's a unique way to hire and train someone on the job while receiving a training reimbursement
- The length of training varies, but usually lasts between 3-6 months
- A Vocational Rehabilitation Counselor and Employment Specialist are available to support both the employer and the trainee during the training period
- An agreement is developed between all parties that outlines the job and the training needs
Tax incentive programs for employers
- Work Opportunity Tax Credit - WOTC is a federal tax credit program, however certification of the newly hired employee is done at the state level. In California visit http://www.edd.ca.gov/Jobs_and_Training/WOTC_Employer_Guide.htm
- WOTC information is also on the Federal Department of Labor web site. See http://doleta.gov/business/Incentives/opptax
- Disabled Access Credit AND Work Opportunity Tax Credit (WOTC)
- Small Business Tax Credit: IRS Code Section 44
Tools & Resources
Return on investment Video
Return on investment, a business case
Hiring people with disabilities is not an act of charity; its a smart move for business
What business benefits would your company receive as a result of hiring people with disabilities?
Payoffs Can Be Big for Companies Hiring People with Disabilities
