Gov. Hogan Unveils $3.2M In Incentives For Maryland Businesses To Hire Apprentices

ANNAPOLIS, Md. — The authorities of Maryland is investing $3.2 cardinal successful a programme to connection fiscal incentives to businesses that prosecute apprentices and supply them with on-the-job training, Gov. Larry Hogan announced Wednesday.

Through the Employer Incentive Plan (EIP), businesses with astatine slightest 50 employees tin get reimbursed for fractional of the wages paid to registered apprentices, according to the governor’s office. The authorities volition ft the measure for 75 percent of apprentices’ wages for eligible businesses with less than 50 employees connected the payroll.

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The extremity is to boost information successful the state’s registered apprenticeship program, which provides a two-fold benefit. On 1 hand, apprentices summation a dependable paycheck and enactment experience. On the other, employers grow their endowment pipeline.

“By investing successful this caller Employer Incentive Plan, we are supporting the maturation and aboriginal of Maryland’s highly palmy Registered Apprenticeship programs, sponsors, employers, and apprentices,” Gov. Hogan said successful part.

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The EIP would reimburse larger businesses (50 oregon much employees) for apprentices’ wages up to $3,120 for arsenic galore arsenic 30 hours a week, portion smaller businesses (fewer than 50 employees) could get paid backmost up to $4,680 for the aforesaid fig of hours.

According to figures provided by the governor’s office, Maryland presently has much than 11,000 registered apprentices successful the state’s workforce, representing the highest information seen since the apprenticeship programme began.

“Maryland continues to beryllium a nationalist person successful workforce development, occupation training, and apprenticeships, and it is captious that we proceed to put successful our skilled workforce,” the politician said. “Apprenticeships person proven to beryllium a tremendously palmy workforce improvement strategy, and I promote businesses from each industries to utilize this program.”

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The EIP isn’t constricted to backstage businesses. Public businesses and nonprofit groups tin besides use to enactment successful the program, as agelong arsenic they conscionable the state’s eligibility criteria.

CBS Baltimore Staff