LOS ANGELES — Mayor Eric Garcetti was joined today by more than 50 companies for the first in a series of training sessions designed to stimulate veteran hiring.
As part of Mayor Garcetti’s 10,000 Strong veterans hiring initiative, the City partnered with Deloitte to help businesses capitalize on the federal Work Opportunity Tax Credit (WOTC), which is available to employers that hire and retain workers from target groups that have “significant barriers to employment.” The underutilized tax credit can deliver up to $9,600 to employers per veteran hired
“We owe our veterans more than a handshake and a thank-you when they leave the service. They deserve our support in building careers and making a successful transition to civilian life, ” said Mayor Garcetti. “The men and women who wore our country’s uniform are dedicated, resourceful, and selfless — an asset to any workplace.”
There is no limit on the number of eligible employees that can be hired for the tax credit; for example, a business that hires three chronically unemployed veterans with service-related disabilities would receive a $28,800 credit.
“This is one of those win/wins, said Michelle Kerrick, Los Angeles managing partner of Deloitte LLP. “Deloitte is proud to support our veterans and our business community by helping businesses obtain the financial incentives that can be realized through hiring veterans.”
With more than 9,000 local veterans hired, 10,000 Strong is on pace to hit Mayor Garcetti’s three-year hiring goal by the end of 2017. The initiative is a coalition of companies and community organizations with a common goal of connecting veterans to gainful employment. By working with local non-profits, WorkSource Centers, and the Employment Development Department, 10,000 Strong helps companies identify highly qualified veterans and fill open positions.
Partners include Southern California Edison, the Walt Disney Company, the Jet Propulsion Laboratory, and O’Melveny and Myers. The effort also assists veterans access job training to help transition military skills to the civilian workforce.
In order to strengthen the pipeline of jobs for veterans, Mayor Garcetti has also partnered with the PsychArmor Institute to launch a free call center — which aims to help guide employers through the recruitment and hiring process for veterans. The call center will help employers who want to recruit from the military community by offering free, innovative training and technical support. For assistance in hiring veterans, employers can call (844) PsychArmor.