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Educating
Your Employees About Tax Credits
The
Earned Income Tax Credit (EITC) is
a tax credit for working individuals or families that provides tax
refunds of up to $4,400. The Working Families
Credit (WFC) is a new local program that matches a portion
of families EITC returns.
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here
Grant
to boost biotech
$1.1
million to fund 2 training programs for S.F. residents.
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here

SFWorks
is an enterprising solution that meets the needs of both employers
and low-income individuals transitioning to work or trying to advance
in their careers. We operate on two main fronts:
SFWorks'
principal areas of activity are:
- incubating
customized pre-employment training programs;
- implementing
skills-upgrading and career advancement programs;
- advocating
for policy changes that support workforce development and
the working poor; and
- providing
technical assistance to employers and agencies throughout California
and the nation.
For
more information about SFWorks, click
here
SFWorks to chair national workforce alliance
In
May, Terri Feeley, executive director of SFWorks, the Chamber's
workforce development affiliate, was elected to chair the board
of The Workforce Alliance (TWA). TWA is a national coalition of
local leaders advocating for federal policies that invest in the
skills of America's workers.
TWA's
membership includes employer associations, individual businesses,
community-based agencies, county and city departments, community
colleges, unions and local workforce boards. "Each group has
their own national advocacy organizations, but it's all of us being
part of the same group that makes our message about the value of
education and training for workers so strong," says Feeley.
Feeley
was joined at the most recent TWA advocacy summit by local partners
representing SBC, Jewish Vocational Service and Workforce Investment
San Francisco.
"TWA's
advocacy facilitates the replication of training programs that SFWorks
and our partners have created to serve the needs of local businesses
and workers," says Feeley.

SFWorks
expand biotech training
A recent poll commissioned
by the Center for Economic Development, of 500 San Francisco voters,
indicates that residents would view the relocation or development
of biotech companies in SF favorably if -among other things- the
industry "offered employment opportunities to San Franciscans
of diverse educational backgrounds." SFWorks has begun developing
the biotech skills of a small group of low-income adults at the
City College of San Francisco's (CCSF) Southeast Campus in Bayview/Hunters
Point.
Coinciding
with CCSF's own efforts to increase the numbers of underrepresented
individuals in the life-sciences industry, SFWorks' "On-Ramp"
biotech training program has prepared its recent graduates for simultaneous
enrollment in CCSF's "Bridge to Biotech" program and on-the-job
training in industry. This career-ladders training program led by
Chiron staff and City College instructors. The pilot has not only
boosted the skills and confidence of On-Ramp participants -all of
whom had no scientific background- but is also a key tier in the
educational spectrum of a city that also boasts CCSF's model biotech
certificate and UCSF's prestigious graduate educational programs.
By preparing a full range of talent, San Francisco will be best
situated to meet the multiple demands of industry while ensuring
that qualified community residents have access to the new opportunities
in biotech. For information, contact Lori Lindburg at 415-217-5192


Terri Feeley Executive Director |
Tax Credit
Help From SFWorks
In addition to developing
customized-training programs for its Bay Area business partners,
SFWorks helps employers access valuable tax credits that can
have a significant affect on the bottom line. |
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Many
businesses are not aware that hiring individuals from SFWorks
and other community-based training programs may qualify them
for a number of federal-and state- hiring tax credits. Credits
can range from $8,500 for hiring a long-term welfare recipient
to $2,400 for hiring an individual from other disadvantaged
backgrounds.
Companies
located in state enterprise zones may reap the biggest tax
savings -up to $30,000 over five years for hiring individuals
on public assistance or from specific neighborhoods. These
savings are not insignificant: on SFWorks business partner
who has hired 20 graduates qualifies for almost $158,000 in
federal tax credits and $600,000 in state enterprise zone
credits.
To
diminish the bureacracy employers face in accessing the tax
savings, SFWorks has brought in TMC Development Working Solutions
to file the credits for companies. TMC can also help employers
access tax credits for existing eligible employees. For more
information, contact Lori Lindburg at 415-217-5192
For
more info about SFWorks
click
here
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