News and Events

News & Events

Heard about “Shop Burlington County First” the new “buy local” initiative?

This new “buy local” initiative will encourage residents to think local and buy local, all to the benefit of Burlington County businesses. Promoting in-county business will strengthen Burlington County’s economy and improve the conditions needed to spur job growth.

Employers Hiring Veterans by Year's End May Get Expanded Tax Credit

IRS Special Edition Tax Tip 2012-14
Employers planning to claim an expanded tax credit for hiring certain veterans should act soon, according to the IRS. Many businesses may qualify to receive thousands of dollars through the Work Opportunity Tax Credit, but only if the veteran begins work before the new year.

Here are six key facts about the WOTC as expanded by VOW to Hire Heroes Act of 2011:
1. Hiring Deadline: Employers may be able to claim the expanded WOTC for qualified veterans who begin work on or after Nov. 22, 2011, but before Jan. 1, 2013.
2. Maximum Credit: The maximum tax credit is $9,600 per worker for employers that operate for-profit businesses, or $6,240 per worker for tax-exempt organizations.
3. Credit Factors: The amount of credit will depend on a number of factors. Such factors include the length of the veteran’s unemployment before being hired, the number of hours the veteran works and the amount of the wages the veteran receives during the first-year of employment.
4. Disabled Veterans: Employers hiring veterans with service-related disabilities may be eligible for the maximum tax credit.
5. State Certification: Employers must file Form 8850, Pre-Screening Notice and Certification Request for the Work Opportunity Credit, with their state workforce agency. The form must be filed within 28 days after the qualified veteran starts work. For additional information about your SWA, visit the U.S. Department of Labor’s WOTC website.
6. E-file: Some states accept Form 8850 electronically.
Visit the IRS.gov website and enter ‘WOTC’ in the search field for forms and more details about the expanded tax credit for hiring veterans.

Links:
• Expanded Work Opportunity Tax Credit Available for Hiring Qualified Veterans
• VOW to Hire Heroes Act - Frequently Asked Questions and Answers
• Form 8850, Pre-Screening Notice and Certification Request for the Work Opportunity Credit

The Right Financing --- South Jersey Biz article about how South Jersey businesses can find working capital

"Right Financing" reprinted with permission from South Jersey Biz

Burlington County Economic Development Summit --- Monday 10/22/12

WHAT: Burlington County Economic Development Summit4

WHO: Local business leaders and local public officials

WHEN:   Monday October 22, 2012
                    8:00 - 9:00 AM: Registration & light breakfast
                    9:00 - 10:30 AM: Program/Q&A

WHERE: Roebling Community Center, 69 Main Street, Roebling, NJ 08518

TOPIC: “The upcoming strategies that will be undertaken to improve and strengthen Burlington County’s economy”

PRESENTERS:    (Video of entire Economic Summit appears below)
                        Mark Remsa, Economic Development & Regional Planning Director for the Bridge Commission
                                Presentation: Overview, Introduction

                        Kelly West, Burl. Co. Workforce Investment Board Coordinator
                                Presentation: Building a Skilled and Thriving Workforce

                        Gary Rago, Rutgers Camden Small Business Development Center Director
                                Presentation:  Services of NJ Small Business Development Center at Rutgers University-Camden Campus

                        Joan Divor, Burl. Co. Business Librarian
                                Presentation: Economic Gardening

COST: FREE

SPONSORED BY: The Burlington County Board of Chosen Freeholders and the Burlington County Bridge Commission

LETTER/INVITATION:

REGISTRATION FORM:

VIDEO OF ECONOMIC SUMMIT: