Bill > A2369

This bill establishes the "New Jersey Works Act," which creates a framework for pre-employment and work readiness training programs targeting low- and moderate-income households. The bill allows businesses to partner with educational institutions, high schools, vocational schools, or nonprofit organizations to develop training programs that provide at least 12 weeks of paid training for participants, focusing on skills like communication, critical thinking, and job readiness. Participants must be at least 16 years old, and the training programs must be in labor demand occupations. The bill provides a 100% tax credit to businesses that provide financial assistance to these training programs, with a total annual tax credit limit of $2 million. Participating organizations must be on the State Eligible Training Provider List and submit follow-up reports on participant employment outcomes. The Department of Labor and Workforce Development will oversee the programs, and after two years, a study will be conducted to evaluate the effectiveness of the training programs and tax credits. The bill appropriates $1 million to implement the program and requires the Commissioner of Labor and Workforce Development to develop implementing regulations in consultation with the Director of Taxation and the Commissioner of Education.

Budget and Finance, Labor and Employment

https://www.njleg.state.nj.us/bill-search/2024/A2369