LA Encourages Businesses To Hire Veterans By Offering Tax Relief And Training

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LA encourages hiring veterans
Photo: Rachata Sinthopachakul

Los Angeles Mayor Eric Garcetti joined forces this week with more than 50 companies for a training session aimed at spurring veteran hiring.

Event At City Hall

The event at City Hall, which is the first in a planned series as part
of Garcetti’s 10,000 Strong veterans hiring initiative, also helped promote the
federal Work Opportunity Tax Credit granting tax relief to employers that hire
and retain workers from target groups with “significant barriers to
employment.”

“We Owe Our Veterans More”

“We owe our veterans more than a handshake and a thank-you when they
leave the service. They deserve our support in building careers and making a
successful transition to civilian life,” Garcetti said. “The men and women
who wore our country’s uniform are dedicated, resourceful, and selfless — an
asset to any workplace.”

Tax Credit Underutilized

The tax credit can deliver up to $9,600 to employers per veteran hired,
but Garcetti’s office said it is underutilized and there is no limit on the
number of eligible employees that can be hired for the tax credit.

Hiring Veterans Is A “Win-Win”

“This is one of those win-wins,” said Michelle Kerrick, Los Angeles
managing partner of Deloitte LLP, which has teamed up with Garcetti’s office on
the 10,000 Strong initiative. “Deloitte is proud to support our veterans and
our business community by helping businesses obtain the financial incentives
that can be realized through hiring veterans.”

LA Close To Reaching 10,000 Veterans Hired

Garcetti’s office said that with more than 9,000 local veterans hired,
the 10,000 Strong initiative is on pace to hit the mayor’s three-year hiring
goal by the end of 2017.

The program works with non-profits, WorkSource Centers and the
Employment Development Department to help companies identify qualified veterans
and match them with employers.

City News Service.
Photo By: Rachata Sinthopachakul

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LA Encourages Businesses To Hire Veterans By Offering Tax Relief And Training
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LA Encourages Businesses To Hire Veterans By Offering Tax Relief And Training
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Los Angeles Mayor Eric Garcetti joined forces this week with more than 50 companies for a training session aimed at spurring veteran hiring.
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