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Employer Incentives

Tax Credits

Iowa employers who hire hard-to-place job applicants may be eligible to receive federal income tax credits under Work Opportunity Tax Credit (WOTC). Iowa employers that meet certain criteria are allowed an additional deduction on their Iowa income tax returns for hiring ex-offenders or persons with disabilities.

Iowa’s Online WOTC system

Hire a Vet

Benefits to hiring a veteran include:

  • Accelerated learning curve: Veterans are able to learn new skills and concepts and have identifiable and transferable skills already proven in real-world situations.
  • Leadership: The practical experience gained from managing behaviors for results and leading by example, as well as through direction, delegation, motivation and inspiration is invaluable in a business setting.
  • Teamwork:Genuine teamwork grows out of a responsibility to one's colleagues. Military duties involve a blend of individual and group productivity and necessitate a perception of how groups of all sizes relate to each other and an overarching objective.
  • Diversity and inclusion in action: Serving and working with individuals of diverse race, gender, geographic origin, ethnic background, religion and economic status, as well as mental, physical and attitudinal capabilities develops the sensitivity to cooperate with many different types of individuals.
  • Efficient performance under pressure: Business, like the military, operates on tight schedules with limited resources. Veterans know how to accomplish priorities on time and understand the critical importance of staying with a task until it is done.
  • Respect for procedures: Veterans know first-hand that policies and procedures enable an organization to operate.  Their military experience allows them to understand their role within an organizational framework.
  • Technology and globalization: All enterprises, regardless of size, need the kind of global outlook and technological savvy that veterans bring as a result of their experiences in the service.
  • Integrity: Prospective employers can take advantage of a track record of integrity, which often includes security clearances.
  • Conscious of health and safety standards: Thanks to extensive training, veterans are aware of health and safety protocols both for themselves and others. Individually, they represent a drug-free workforce that is cognizant of maintaining personal health and fitness. At the company level, their awareness and conscientiousness translate into protection of employees, property, and materials.
  • Triumph over adversity: With experience in handling mission-critical situations demanding endurance, stamina and flexibility, veterans overcome adversity and personal disabilities through strength and determination.

To learn more, contact your nearest IowaWORKS Center.

On-the-Job Training

Training by an employer that is provided to an employee while engaged in productive work that:

  • Provides knowledge or skills essential to the full and adequate performance of the job.
  • Provides reimbursement to the employer of up to 50 percent of the wage rate of the participant, for the extraordinary costs of providing the training and additional supervision related to the training.
  • Is limited in duration as appropriate to the occupation for which the participant is being trained, taking into account the content of the training, the prior work experience of the participant and the service strategy of the participant, as appropriate.

Federal Bond Program

The Federal Bonding Program benefits the employer by offering bond coverage provided at no cost. The bond coverage is in effect the day the new employee begins working and continues for six months. The employer profits from the worker’s skills and abilities without taking the risk of potential theft or dishonesty. There are no documents to sign or paperwork to complete. The bond has no deductible and reimburses the employer for any loss due to employee theft within the specified six-month period.

Other Credits and Incentives

Other credits and incentives are available for new and expanding business as well. See the Iowa Economic Business Development page for more information.