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Enhancing competitiveness with talent-focused incentives

Enhancing competitiveness with talent-focused incentives

by Ellen D. Harpel | May 11, 2021 | Incentive programs

Workers with the right set of skills remain difficult to come by. The talent challenge is not new, but it has gained greater primacy as a concern for economic development leaders.  State economic development agencies are being called upon to help existing and...
Unique state incentives tackle skills gap

Unique state incentives tackle skills gap

by Smart Incentives | Feb 22, 2021 | Incentive programs

Oklahoma created two incentives over a decade ago to help address a skills gap that made it difficult for employers to fill aerospace engineering positions in the state. One incentive is a tax credit for aerospace employers based on compensation paid to qualified...
Incentives proposed to increase investment in workers

Incentives proposed to increase investment in workers

by Ellen D. Harpel | Feb 15, 2021 | Incentive programs

Senator Mark Warner (D, VA) recently published an article describing a set of proposals, including federal incentives, to increase investment in workers. Workforce development and talent availability are top issues for all economic developers, so below we summarize...
New incentive program encourages apprenticeships

New incentive program encourages apprenticeships

by Ellen D. Harpel | Sep 12, 2018 | Incentive programs

Massachusetts has created a new Apprenticeship Tax Credit program as part of a wide-ranging economic development bill passed this summer. The tax credit makes up to $2.5 million available per year to help employers provide apprenticeships for computer, health care,...

economic-development-incentive-programs-for-worker-training

by Ellen D. Harpel | Jan 9, 2018 | Uncategorized

Talent is the top issue for expanding and relocating businesses. Worker training programs are among the top business incentives offered by economic development organizations. We used the C2ER State Business Incentives Database to identify 50+ state economic...
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