Work Opportunity Tax Credit Remaining Balance Funding Allotments for Fiscal Year 2024
Closed Posted
- Opportunity number
- ETA-WOTC-TEGL-06-23-C2
- Agency
-
Employment and Training Administration
Department of Labor
- Applications due
- Award size
- $29,170 to $1,496,955
Opportunity facts
- Assistance listings
- Funding instrument
- Grant
- Category
-
- Employment, Labor and Training
- Eligible applicants
-
- Other
Opportunity details come from Grants.gov. Updated .
About this opportunity
The Department of Labor Employment and Training Administration is offering a grant opportunity for the Work Opportunity Tax Credit (WOTC) program for Fiscal Year 2024. This funding opportunity conveys the remaining balance of $12,172,373 in WOTC grant funds for State Workforce Agencies (SWAs) to support the administration of the WOTC program. SWAs must submit an SF-424 Form within 30 calendar days to request their allotted funding amount, which ranges from $29,170 for the U.S. Virgin Islands to over $1.5 million for Texas. Additionally, the opportunity includes $2,500,000 in supplemental funding for 13 selected states to support their efforts in adopting or modernizing information technology for processing WOTC certification requests and reducing processing backlogs.
The WOTC program is authorized under Section 51 of the Internal Revenue Code and administered by the Department of Labor's Employment and Training Administration. The grant funds are intended to help individuals from certain targeted groups who face significant barriers to employment move from economic dependency to self-sufficiency, and businesses are encouraged to hire these targeted group members.
Synopsis
Change 2 to Training and Employment Guidance Letter (TEGL) No. 06-23 conveys the remaining balance for Fiscal Year (FY) 2024 WOTC funding allotments for State Workforce Agencies (SWAs) based on appropriated funding. Questions regarding this funding opportunity may be emailed to Rahel Bizuayene (Bizuayene.Rahel@dol.gov).
Files
| File | Type | Posted |
|---|---|---|
| TEGL 06-23 Change 2.pdf |
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