Tax Credits and Training Grants
Work Opportunity Tax Credit (WOTC)
The Work Opportunity Tax Credit (WOTC) is a federal income tax credit that provides incentives to private, for-profit businesses to encourage the hiring of individuals from targeted groups of job seekers who traditionally have difficulty finding employment. The WOTC credit expired Dec. 31, 2013 but is being reviewed by the U.S. Department of Labor for continuation.
Intern and Work Experience
Internship/work experience programs offer viable options to eliminate barriers such as lack of experience and soft skills that can stand in the way of good, gainful employment. Participants work for up to 30 hours a week for 12 weeks or 360 hours. Wages and related payroll costs are paid by CareerSource CLM which has contracted with Custom Driven Staffing so that employers are not liable for payroll, taxes and other related costs.
Employers may be reimbursed costs associated for mentoring and training program that enables them to select trainees from among existing workforce or new hires.
On-the-Job Training (OJT)
Employers may be reimbursed up to 50-to-90 percent of a qualified new employee’s wage while being trained on the job. Training is tailored to meet the employer’s specific needs. CareerSource Citrus Levy Marion provides recruitment and referral of job applicants.
Custom Business Training Program (CBT)
Designed to meet the special requirements of local employers, the Custom Business Training program can cover up to 100 percent of out-of-pocket costs associated with training, licensing and certification of existing employees.
Incumbent Worker Training (IWT) Program
Incumbent Worker Training (IWT) is a state program that provides training to currently employed workers to keep Florida's workforce competitive in a global economy and to retain existing businesses. The program is available to all Florida businesses that have been in operation for at least one year prior to application and require skills upgrade training for existing employees. Funding priorities apply.
Other Grant Programs
CareerSource Citrus Levy marion has been a leader in acquiring state and federal grants. Over the last five years, we have acquired more than $6 million in grant funding to serve area workforce needs. Our team identifies gaps in the workforce pipeline and develops strategic grants to fill those current and projected needs. From grants to build our future energy workforce demands to a variety of industry strengthening grants in healthcare and manufacturing, we look at the macro needs of our targeted industries, as well as our individual employer needs. We are anticipating competitive grants targeting green jobs, healthcare and healthcare IT.
To learn about these incentive opportunities, please contact a member of our team at (352) 873-7939, ext. 5556 or 800-746-9950.
For information about additional financial incentives, please visit the Florida Department of Economic Opportunity, the Florida Department of Strategic Business Development and/or Services for Employers at the Employ Florida Marketplace.