Gov. Whitmer Puts Economy First by Announcing Tax Credits to Help Small Businesses Fill Labor Gaps and Hire Michiganders

Statement

Governor Gretchen Whitmer announces tax credits up to $9,600 to help employers and small business owners hire Michiganders for good-paying jobs to help fill labor shortages and grow the economy. The governor is encouraging employers to apply for the Work Opportunity Tax Credit, prioritizing funding for veterans and returning citizens, to ensure that the state continues its strong job growth after adding 67,000 jobs in the last three months and 145,000 jobs over the year.

"The Work Opportunity Tax Credit puts Michiganders first by helping small businesses save money and fill labor gaps by hiring Michiganders for good-paying jobs," said Governor Gretchen Whitmer. "Thanks to this tax credit, we will be able to add even more jobs to the 145,000 jobs that we've created this year alone. Small businesses in communities across our state can save thousands of dollars for hiring workers who are seeking a good-paying job, including our veterans, those who have paid their debt to society, and others who are traditionally left out or left behind. We will continue finding ways to invest in small businesses and help them thrive as we usher in a new era of prosperity for Michigan."

With the Work Opportunity Tax Credit, employers who hire from certain targeted groups, including qualified long-term unemployment recipients, can earn tax credits from $2,400 to $9,600 for each employee hired. Generally, the credit is 40% of qualified wages paid to individuals who work 400 hours or more in their first year of employment.

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