OhioMeansJobs Muskingum County works with local employers to help them grow, hire, and retain a strong workforce. One of the ways we support business development is by helping employers access state and federal tax incentives that reward hiring and workforce investments.
These programs are designed to reduce the cost of doing business while encouraging companies to provide employment opportunities to individuals who may face barriers to employment.
Key Tax Incentive Programs:
Work Opportunity Tax Credit (WOTC):
The WOTC is a federal tax credit available to employers who hire individuals from certain target groups, including veterans, individuals receiving public assistance, justice-involved individuals, and those who have experienced long-term unemployment. Employers can receive up to $9,600 in credits per eligible hire.
Federal Bonding Program:
While not a direct tax incentive, this no-cost bond protects employers against potential losses due to employee dishonesty for high-risk job seekers. It provides peace of mind and opens the door for more inclusive hiring practices.
Opportunity Zone Tax Incentives:
If your business is located in or investing in a federally designated Opportunity Zone, you may qualify for additional tax benefits such as deferred or reduced capital gains taxes.
Other Local and State Incentives:
Depending on your business type and location, you may also qualify for incentives through JobsOhio, regional development districts, or local government partnerships. These programs may include tax abatements, training reimbursements, and grants tied to job creation.
Our team is here to help you navigate these programs, determine your eligibility, and connect you to the right resources for filing and compliance. We collaborate closely with state agencies, economic development offices, and workforce partners to ensure you maximize available opportunities.
Whether you're expanding your business or simply exploring your options, we’re ready to help you make the most of the resources available to you.
Contact OhioMeansJobs Muskingum County today to learn more about available tax incentives and how they can support your hiring and growth goals.