llinois Businesses Opening Doors for the Formerly Incarcerated
A Second Chance for All Informational Presentation: Credit for Wages Paid to Returning Citizens
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In The News
- Bill Offers Incentives To Small Businesses Hiring Former Inmates
- Formerly incarcerated people in Illinois would get help finding jobs if a proposed bill passes
- New Illinois legislation would help people find jobs after prison
- The Safer Communities & Small Business Act would provide support for Illinois small businesses and formerly incarcerated people
- To Reduce Labor Shortages, Chicago Tries to Ease the Path From Prison Into Jobs
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The Illinois General Assembly passed, and Governor Pritzker signed into law, a program that will support small businesses, foster opportunities for formerly incarcerated individuals, improve public safety, and significantly reduce the costs of recidivism. This is big news for small and local businesses!
The General Assembly allocated $1,000,000.00 to this program so small businesses interested in supplementing their workforce should start looking into this now!
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New Legislation Expands Tax Credits for Illinois Businesses
A new law in Illinois increases the tax credit for businesses hiring formerly incarcerated individuals from 5% to 15% of qualified wages, raising the cap from $1,500 to $7,500. These incentives aim to help businesses provide job training and support while reintegrating these individuals into the workforce.
This program will bolster the Illinois economy, reduce recidivism by 62% through stable employment, and enhance public safety. With $1,000,000 allocated to this initiative, businesses should explore this opportunity to strengthen their teams and make a lasting impact. Spread the word and learn more here!
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