GA considers increasing tax credit for job retraining - NBC12.com - Richmond, VA News

GA considers increasing tax credit for job retraining

Posted: Updated:
  • Business NewsBusiness News

  • Thursday, May 23 2013 6:10 PM EDT2013-05-23 22:10:16 GMT
    Minacs, the company opening a new call center in Henrico, held it's grand opening today. Minacs is an international outsourcing company that's opening a call center for a high-tech, Fortune 100 company
    Minacs, the company opening a new call center in Henrico, held it's grand opening today.
  • Thursday, May 23 2013 1:19 PM EDT2013-05-23 17:19:31 GMT
    Heating and air company Michael and Son Services is breathing new life into a historic building that's been vacant for years. The company just broke ground on its planned renovations for the H.W. Robinson

    Heating and air company Michael and Son Services is breathing new life into a historic building that's been vacant for years.

  • Wednesday, May 15 2013 5:35 PM EDT2013-05-15 21:35:12 GMT
    After years of drawing plans and getting permits, construction is finally starting on a new Marriott hotel and religious freedom center. The project is being built at the corner of 14th and Cary Streets

    After years of drawing plans and getting permits, construction is finally starting on a new Marriott hotel and religious freedom center. The project is being built at the corner of 14th and Cary Streets in Shockoe Slip. It's a $30 million endeavor expected to create hundreds of jobs.

The General Assembly is considering increasing a tax credit to help manufacturing workers get advanced training.

Republican Delegate David Yancey of Newport News is proposing a bill to increase a tax credit from $100 to $200 dollars. It would be up to $300 dollars for classes in science, technology, engineering, math, or healthcare.

Manufacturing companies could claim the credit for sending their employees to get further training.

Explained Delegate Yancey, "They would get a firm understanding of these new technologies and new manufacturing concepts, like three dimensional and the new advanced materials and so forth. What we're trying to do is get these folks back into school so that when they go back into the workforce they're able utilize new technologies and produce new products."

The bill has passed the House and is now in a Committee in the Senate. I'll keep you posted on what happens.