Businesses may get tax credits to train high school students
- January 23, 2018
Juniors and seniors in Richmond City Public Schools would receive paid apprenticeships and training with local businesses, and participating employers would get tax credits from the state, under legislation filed by a bipartisan pair of lawmakers.
Republican Sen. Glen Sturtevant and Democratic Del. Jeffrey Bourne, who both represent the city in the General Assembly, are seeking to establish a pilot program for the 2018-19 or 2019-20 academic year.
Under the program, up to 25 Richmond students would receive “competitive compensation” while being trained in high-demand fields.
Sturtevant and Bourne say it is important to help students who do not pursue traditional college degrees prepare for the workforce.
“This pilot program will provide a great opportunity for bright and hardworking students to get hands-on experience,” Sturtevant said.
Participating local businesses would receive a $2,500 tax credit per student per semester. Student compensation would equal “no less than the value” of that credit. The total tax credits awarded by the state could not exceed $125,000 a year under the legislation.
Sturtevant and Bourne previously served together on the Richmond School Board for four years.
The lawmakers have submitted companion bills to create the apprenticeship program. Sturtevant has introduced SB 937 in the Senate; Bourne is carrying HB 1575 in the House. Both measures are awaiting committee hearings.