Hardware Podcasts

Tax Credits and Incentives for Manufacturing Workforce Development w/ Leslie Boyd

The Manufacturing Executive · 12 Sept 2023 · 23m · Episode 170

What this episode covers

Leslie Boyd, Managing Principal of Manufacturing at CLA, explains how midsize manufacturers can leverage tax credits and incentives to address workforce shortages by hiring from underserved talent pools like veterans, the disabled, and ex-felons. She details specific federal programs like the Work Opportunity Tax Credit (WOTC) and state-level initiatives in Indiana, such as the Hoosier Business Investment Tax Credit (HBITC) and skilled enhancement funds, which offset costs for machinery, buildings, and employee training. Boyd highlights that many companies overlook these benefits due to complex certification deadlines and lack of awareness, urging leaders to proactively negotiate incentives before making capital investments.

Most relevant to

early-stage companies

Topics

Mentioned

Companies
CLA, Gorilla 76
Also
WOTC, HBITC, Indiana

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