New Jersey Works Act provides tax credits to businesses supporting pre-employment training programs.
The New Jersey Works Act incentivizes businesses to establish pre-employment and work readiness training programs in partnership with educational institutions or nonprofit organizations. Businesses can receive a tax credit for 100% of the financial assistance provided to support these programs, which must be approved by the Department of Labor and Workforce Development. The programs must target low- and moderate-income households and individuals needing mid-career skills training or vocational retraining.
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