The Tennessee Department of Labor and Workforce Development (TDLWD) Commissioner Burns Phillips announced yesterday that the department’s Workforce Services Division marked a milestone in June after issuing more than $215 million of Work Opportunity Tax Credits (WOTC) to employers across the state.
2017 is on pace to be a record-breaking year for the WOTC program in Tennessee. During the first six months of 2017, TDLWD received 162,795 WOTC applications and approved 83,385 of them (51%), totaling $215,445,800 in tax credits for employers. This provided employers of an average $2,583 per qualified new hire.
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