Business Tax Incentives

Tax credits are often available to encourage businesses to locate or expand to an area, hire targeted populations, or become involved with the Workforce Solutions Alamo development system. The professionals of the Workforce Solutions Alamo Business Services Group are able to assist you with available tax credit programs that can help boost your bottom-line when hiring qualified, motivated individuals.

Work Opportunity Tax Credit
The Work Opportunity Tax Credit (WOTC) is a federal tax credit that encourages employers to hire from targeted groups of jobseekers by reducing employers’ federal income tax liability by as much as $2,400 per qualified new worker. The WOTC is one incentive tool that provides a direct benefit to employers, while helping prepare workers for good jobs and creating more productive workplaces.

Empowerment Zone Employment Tax Credit
The Empowerment Zone Employment Tax Credit is a federal tax credit of up to $3,000 per employee. It is available to businesses located in a designated Empowerment Zone that hire residents of the Zone.

Tax Abatements
In order to qualify for tax abatements, governmental bodies often require businesses to agree to hire a certain percentage of targeted population groups. Hiring through the Workforce Solutions Alamo Business Services Group is an easy way to meet and track tax abatement hiring requirements. The staff of the Workforce Solutions Alamo Business Services Group can help you take advantage of this opportunity.

To learn more about how to find better people for your business, contact a representative of the Workforce Solutions Alamo Business Services Group today at (210) 224-HELP (4357).