Federal and State Hiring Credits

Federal and State Hiring Credits and Grants are available in most states.  Many cities also have programs that reward employers for creating jobs within designated areas.

The benefit for a business creating new jobs can be financially significant.  Depending on the state and city where the hiring is taking place, the financial benefit can be given in the form of a cash grant, tax credit, payroll tax reduction, or other form of financial incentive for jobs being created within a state or city.

As an employer, it is important to recognize when these programs are available.  Often, a government agency will provide these funds if the employer pays a certain amount, creates a specific number of jobs, or retains employees for specific time periods.  In most cases, our clients are not making hiring decisions based on these programs; however, capitalizing on them if they meet their day-to-day business objectives.

Our clients have received financial benefits ranging from $50,000 and greater than $10 million based on jobs created in certain states and cities.  This is why it is important to understand if you are already eligible.  Some states allow a business to qualify for previous year hires and obtain government funding.