Incentives

CareerSource Okaloosa Walton can help your business apply to the following State and Federal programs.

 

Work Opportunity Tax Credit (WOTC)

The Work Opportunity Tax Credit (WOTC) is a federal income tax credit that provides incentives to private for-profit employers to encourage the hiring of individuals from certain targeted groups of jobseekers who traditionally have difficulty finding employment.

WOTC Targeted Groups

  • Qualified Temporary Assistance to Needy Families Recipients
  • Qualified Veterans/Disabled Veterans
  • Qualified Unemployed Veterans
  • Qualified Ex-offenders
  • Qualified Designated Community Residents (residing in an Empowerment Zone)
  • Qualified Vocational Rehabilitation Referrals
  • Qualified Summer Youth (residing in an Employment Zone)
  • Qualified Food Stamp Recipients
  • Qualified Supplemental Security Income Recipients
  • Qualified Long-term Family Assistance Recipients

 

Federal Bonding Program

The Federal Bonding Program is an incentive program that allows employers to hire at-risk job applicants with limited liability. A Federal Fidelity Bond is a business insurance policy that insures the employer for theft, forgery, larceny or embezzlement by the bonded employee.

Eligibility Requirements

At-risk job applicants are:

  • Ex-offenders
  • Recovering substance abusers (alcohol or drugs)
  • Welfare recipients and other persons having poor financial credit, or who have declared bankruptcy
  • Economically disadvantaged youth and adults who lack a work history
  • Individuals dishonorably discharged from the military
  • Anyone who cannot secure employment without bonding services