• LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

Ohio employers may get $6K per new hire under stimulus plan

by on
in Small Business Tax Deduction Strategies

Using money from the federal American Recovery and Reinvestment Act stimulus funding law, a statewide initiative called Project HIRE (Hometown Investment in Regional Economies) could pay Ohio employers $6,000 to train each qualified new worker they hire.

Employers must use the money to train newly hired workers. Organizations that accept the funding must keep new employees on their payrolls for six months.

Project HIRE’s goal is to connect employers with dislocated workers. It’s collaboration between Ohio’s Department of Job and Family Services, Department of Development, Board of Regents and local Workforce Investment Areas.

Depending on the industry and worker, employers may also be eligible for local, state or federal tax credits. For example, federal Work Opportunity Tax Credits can add up to as much as $9,000 per eligible worker hired. 

Like what you've read? ...Republish it and share great business tips!

Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...

We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.

The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.

" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/14267/ohio-employers-may-get-6k-per-new-hire-under-stimulus-plan "

Leave a Comment