"New Jersey Works Act"; concerns businesses and pre-employment training programs; provides tax credit to businesses supporting pre-employment training programs; appropriates $1 million.*

The New Jersey Works Act provides tax credits to businesses that fund pre-employment training programs with educational institutions or nonprofits. Businesses can receive a tax credit equal to 100% of the financial assistance they provide for approved programs that offer at least 12 weeks of paid training at minimum wage to low- and moderate-income individuals. These programs must include training in basic skills, communication, critical thinking, and job readiness. The bill appropriates $3 million from the General Fund to implement the program and requires a two-year evaluation of its effectiveness, excluding construction businesses from participation.