Bill > HB05266

This bill aims to establish tax credits and wage subsidies designed to encourage small and medium-sized businesses (SMEs) to invest in local workforce development and employment. By offering financial incentives, the legislation seeks to motivate businesses to participate in training programs and prioritize hiring workers from their local community. The bill would modify existing general statutes to create a framework that provides economic benefits to businesses that commit to local hiring and skills training. These incentives are intended to address potential employment gaps, support local economic development, and help SMEs build a skilled workforce by investing in local talent. The proposed tax credits and wage subsidies would serve as a financial reward for businesses that demonstrate a commitment to supporting and developing their local labor market.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB05266&which_year=2025