Tax Incentives for Apprenticeships

Policy or Initiative Description

States should offer tax credits to employers that hire apprentices. Business should be encouraged to develop apprenticeship programs to keep up with the changing needs of the market, and research has demonstrated that apprenticeships are effective in placing workers in well-paying jobs.

Example

South Carolina has expanded apprenticeship enrollment from 800 in 2017 to 30,000 in 2018 through a combination of tax credits, apprenticeship consultants, and an engaged community college system.

Source

McKay, Connor, Ethan Pollack, and Alastair Fitzpayne. “Automation and a Changing Economy. Part II: Policies For Shared Prosperity.” The Aspen Institute Future of Work Initiative. April 2019.

Source

Source

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