Bill > S2306

This bill, known as the "New Jersey Works Act," allows businesses to receive tax credits for establishing approved pre-employment and work readiness training programs. These programs, which must be at least 12 weeks long and pay participants at least minimum wage, are designed to prepare individuals, particularly those from low- and moderate-income households, for in-demand jobs with long-term career potential. Businesses can partner with educational institutions (like colleges, high schools, or vocational schools) or nonprofit organizations to create these programs, which will focus on essential skills such as literacy, communication, critical thinking, and job readiness. The programs must be approved by the Department of Labor and Workforce Development and ensure trainees are at least 16 years old, and they must offer employment to successful participants. The total value of tax credits available annually is capped at $2 million, and the act also mandates a study on the efficacy of these programs after two years.

Budget and Finance, Labor and Employment

https://www.njleg.state.nj.us/bill-search/2024/S2306