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Cantwell in Tacoma today to promote tax credits for hiring veterans

Post by Adam Ashton / The News Tribune on Aug. 15, 2012 at 12:05 pm |
August 15, 2012 12:05 pm

Sen. Maria Cantwell is in Tacoma today to promote a bill that would provide tax credits to businesses that hire veterans.

She’s speaking this afternoon at J.M. Martinac Shipbuilding, a growing business that says veterans make up 40 percent of its payroll.

Cantwell is promoting an extension of the Returning Heroes and Wounded Heroes Work Opportunity Tax Credits through 2013. According to her office, the bill gives businesses a tax credit of up to $9,600 for each qualified veteran they hire. The credits are due to expire at the end of this year.

Her office cited figures from the Washington State Employment Security Department that show 1,700 veterans have been hired with the help of the Returning Heroes and Wounded Heroes Work Opportunity Tax Credits.

The South Sound has one of the highest concentrations of veterans per capita in the country. Its business community has embraced partnerships to help veterans make the transition from military life to the civilian workforce, such as Hire America’s Heroes and an aerospace training program at Clover Park Technical College.

Veterans looking to make that transition might want to put Sept. 7 on their calendars. That’s the date for the big job fair at Safeco Field hosted by Hire America’s Heroes.

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