Unemployed-veteran hiring program underway

Through 2022, Washington employers can receive a tax credit for hiring unemployed veterans

  • Tuesday, November 1, 2016 2:02pm
  • Business

As of Oct. 1, Washington employers can receive a tax credit for hiring unemployed veterans.

The state Legislature implemented this program with the goal of reducing veteran unemployment by 30 percent.

“Veterans offer unique skills and leadership abilities that translate directly into a variety of jobs in our state,” said Sen. Joe Fain (R-Auburn), who serves as Senate Majority Floor Leader. “With veterans doing so much for our country it is also our responsibility to help them build a bridge back to civilian life.”

Washington is home to more than 340,000 working-age veterans who face a 6.3 percent unemployment rate, higher than the United States average of 5.4 percent.

“As a veteran, I know how difficult it is to re-enter civilian life and the stress associated with making that difficult change,” said Sen. Steve Hobbs, D-Lake Stevens, a veteran currently serving in the National Guard. “This new rule will make that transition easier by encouraging employers to hire the men and women of our armed forces and create more opportunities for the people that have sacrificed so much for us.”

The legislation provides a credit of 20 percent of the hired veteran’s total wages and benefits on an employer’s business-and-occupation or public-utilities tax.

To qualify the veteran must have been honorably discharged, unemployed for more than 30 days and hired into a full-time position held for at least six months. The program runs through June 30, 2022, when lawmakers can review the outcomes and determine whether or not to extend the incentive.

Employers or veterans with questions about the program can visit veterans.senatorfain.com for more information.

More in Business

Rethinking fashion: Federal Way woman’s business encourages textile upcycling, recycling

The Chayah Movement will host a clothing swap April 21 in Federal Way.

Business pathway is a universal gateway | Guest column

One year before I entered business school as an MBA student, I… Continue reading

Dutch Bros. Coffee opens new Federal Way location

The drive-thru coffee shop with the cult following is located at 27525 Pacific Highway S.

Pacific Seafood to close Federal Way location

Nearly 70 employees at the company’s Salmolux division are affected.

Destination data: Enhancing tourism in Federal Way

The chamber will conduct a tourism enhancement study.

Startup company helps homebuyers with down payment

Loftium will provide to $50,000 if buyers list spare room on Airbnb.

Networking group provides support for local business women

Kimberly DeMile, owner of Federal Way Jazzercise, recently started a local chapter of BAM.

For longtime FW auto dealership, some things never change | Mirror’s 20th anniversary

Jet Chevrolet advertised in the Mirror’s inaugural edition and is still doing business today.

Piper’s Playground offers indoor play space for dogs

Federal Way’s first indoor dog park opened Jan. 18.

From watchdog to community service, Mirror has a history of excellence | Mirror’s 20th anniversary

The Mirror has received multiple awards over the past 20 years for its journalism and advertising.

To BRE or not to BRE

Greater Federal Way Chamber of Commerce CEO says business retention is a top priority.

Uptown Square Early Learning Center celebrates opening with ribbon cutting

Center offers part- and full-day preschool program for 100 students.