"New Jersey Works Act"; permits businesses to apply for tax credits for establishing approved pre-employment and work readiness training programs in partnership with schools, nonprofit organizations, or educational institutions.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
The New Jersey Works Act aims to encourage businesses to invest in workforce development by offering tax credits. These credits are available to companies that partner with schools, nonprofits, or educational institutions to create pre-employment and work readiness training programs for individuals. The programs must provide at least 12 weeks of paid training, covering essential skills and job readiness, and are designed to benefit low- and moderate-income individuals. A study will be conducted after two years to assess the program's effectiveness.
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Sponsors
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5 on record
Primary sponsors
James Beach
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