Incentives

Job Creation Tax Credits

A $1,000-per-job tax credit to create new jobs in the Commonwealth within three years.

Eligibility: Approved businesses

Uses: Tax credits used to offset various business tax liabilities

Amounts: $1,000-per-job tax credit to approved businesses that agree to create jobs within three years; 25% of the tax credits allocated each year must go to businesses with less than 100 employees.

Terms: Tax credits may not be utilized by a business until the jobs are actually created; Must create at least 25 new jobs equaling at least 20% of the existing workforce.

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