Minnesota Governor Mark Dayton has announced A Jobs Plan for Minnesota. The proposal includes various measures designed to encourage hiring and to support workforce development and training.
Of particular interest to The WOTC Planet is the Governor’s New Jobs Tax Credit.
The New Jobs Tax Credit is focused on immediate job creation. It would provide businesses with a $3,000 tax credit for each unemployed Minnesotan, Veteran or recent graduate hired in calendar year 2012 and a $1,500 credit for each new hire through June 2013. This $35 million initiative would create over 10,000 new, private-sector jobs each year.
The Minnesota legislature convenes on Tuesday (January 24). Presumably, the Governor’s proposals will be presented to the Legislature soon.
Read the Governor’s Press Release and today’s article in The Journal.