Employer incentives to
Work Opportunity Tax Credit (WOTC)
The WOTC is a program sponsored by the United States Department of Labor to promote the hiring of people from specific target groups that experience barriers to employment. Applies to Ex-felons hired no later than 1 year after conviction or release from prison. The WOTC can provide an employer up to $2,400 in tax relief for each qualifying hire and up to $9,000 for long term family assistance recipient hires. Employers may claim a tax credit on an unlimited number of qualifying new hires!
California Enterprise Zone Tax Credit
A business located in an Enterprise Zone can take advantage of tremendous tax credit programs offered by the State of California. A firm can earn $37,440 or more in state tax credits for each qualified employee hired.
Note: This is not unique to California, many states offer similar Enterprise Zone tax credits. Check under your state’s department of housing and community development.
The Cooperative of Felon-Friendly Employers
You can also get help from CoFFE, the Cooperative of Felon Friendly Employers, a nationwide database of employers willing to hire ex-felons. One of the things that CoFFE does is to talk to employers about the financial advantages of hiring an ex-felon. It’s one more level of support that you can take advantage of.