Incentives and Tax Credits

The Federal Bonding program is designed to serve as a tool to help secure job placement of ex-offenders and other high risk applicants. The program helps alleviate an employer’s concerns regarding at-risk job applicants being untrustworthy by allowing the employer to purchase fidelity bonds to indemnify them for loss of money or property sustained by dishonest acts of the employee.

The Work Opportunity Tax Credit (WOTC) is a federal income tax credit that encourages employers to hire nine targeted groups of job seekers. WOTC can reduce employer federal tax liability by as much as $2,400 per new hire. WOTC applies to new hires belonging to one of these WOTC target groups:

• Welfare/TANF recipients (not including Medicare or Medicaid)
• Veterans receiving Food Stamps
• Disabled Veterans
• Ex-Offenders
• Designated Community Residents
• Vocational Rehabilitation
• Food Stamp recipients between the ages of 18 and 39
• Supplemental Security Income recipients
• Long Term TANF Recipients

The Personal Responsibility and Work Opportunity Reconciliation Act replaced the former welfare cash assistance program with the Temporary Assistance for Needy Families (TANF) Program. One of the four main purposes of TANF is to “End the dependence of needy parents on government benefits by promoting job preparation, work, and marriage.”

The Weld County Colorado Works TANF program can help individuals in becoming self-sufficient by providing participants the ability to acquire critical job skills through placements with employers.

As an employer, you can help individuals to learn valuable job skills and be reimbursed for part of their wages and training. The TANF program can also provide on-the-job-training (OJT) or work experience placements to TANF participants. 

On-the Job-Training (OJT) - An OJT placement provides you the opportunity to offset your labor costs by hiring individuals enrolled in one of our subsidized programs. Employment Services can reimburse up to 50% of the wages for these individual employees for a specified period of time to offset your training costs. An OJT benefits you, the employer, by reducing your labor costs while the new employee acquires the skills needed for your business processes.

Registered Apprenticeship - Apprenticeships are a time-tested and proven method of ensuring that the demand for labor can be met. The apprenticeship training model mobilizes the workforce in traditional industries such as construction and manufacturing, as well as in other industries such as healthcare, information technology, transportation, energy, telecommunications, and more. To learn more, please visit United States Apprenticeship site.

Work Experience - For our Work Experience placements, we identify and screen individuals involved in our programs, refer those individuals to you for interviews and for you to select the best candidate. We will then pay the salary of the selected workers while they intern for your company for a set amount of time. Our case managers, provide coaching and counseling to the participant to ensure a successful experience.